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News / 3 December 2013 | 14:10
Expert urges Ukrainians not to exchange funds

Expert urges Ukrainians not to exchange funds


Reserves at the National Bank of Ukraine will be enough to meet the immediate needs for next 2-2.5 years even in the worst-case scenario for the economy associated with the protests taking place in Ukraine, professor, rector of the International Institute of Business Oleksandr Savchenko told a press conference, ForUm correspondent reports.

The expert noted that only gas remains an item of critical import for Ukraine. 

He stressed that the foreign exchange market should work in such circumstances. "Foreign exchange market can not be closed, experts understand this. Business operations are conducted every day... If NBU opens and closes (the foreign exchange market - Ed.), that will lead to destabilization only. I liked the last statement of the NBU governor Igor Sorkin, who said that the National Bank is operating normally, there are no restrictions on payments in foreign currency and in local currency. So it should be," Savchenko said.

The expert also pointed out that people do not need to resort to extreme actions, in particular to exchange funds.

"I do not oversimplify the situation, it is difficult, but in principle I agree with the first vice-premier Arbuzov, who said that everything is under control," he concluded.

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