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Where there is no law, but every man does what is right in his own eyes, there is the least of real liberty
Henry M. Robert

Viktor Yushchenko Is Not Going to Resign 

19 January, 1999 - 00:00

National Bank of Ukraine (NBU) press secretary Dmytro Rikberh, speaking
January 14 to The Day's Petro IZHYK, called the rumors of
Viktor Yushchenko's probable resignation as a "concoction." As to Mr. Yushchenko's
trip to Truskavets, it was caused, according to Rikberh, by the necessity
to consult with the President of Ukraine about day-to-day problems. Incidentally,
Mr. Rikberh noted, the NBU chairman was flying on the same airplane with
the Prime Minister.

As reports The Day's Mykola SAVELIEV, Mr. Yushchenko met
in Lviv bankers in his capacity of National Bank chairman who is not going
to resign. He again voiced his opposition to the hryvnia's floating exchange
rate repeatedly proposed by the President last year. The only way out of
the current situation is, in Mr. Yushchenko's opinion, a clearly stated
and ambitious currency corridor. Calling the floating rate "the height
of currency democracy," the chairman stressed that it was typical of stable
countries with a viable economy.

Viktor Yushchenko also underlined that from now on banks must, above
all, think about placing their funds into reserve, rather than making assets
of them. Answering The Day's question whether these reserves might
become a launching pad for a Presidential candidate, Mr. Yushchenko said:
"We've got a very democratic banking system in Ukraine today. What we only
demand from banks as a central bank is extreme stability, while their involvement
in the political process is up to their boards of directors. Yet, history
teaches that the banking system should be apolitical." At the same time,
Mr. Yushchenko again ruled out any possibility of his running for presidency.

 

 

 

 

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