Government not discussing exchange rate of UAH 30 per U.S. dollar with NBU - Shmyhal

The Cabinet of Ministers and the National Bank of Ukraine (NBU) are working to maintain exchange rate and price stability in the country, Ukrainian Prime Minister Denys Shmyhal has said.

He said this at a briefing at Kryukiv Railway Car Building Works in Kremenchuk, the Poltava region, when asked whether the government is discussing with the NBU the exchange rate of UAH 30 per U.S. dollar and economic recovery by stimulating inflation, according to an Ukrinform correspondent.

"Such issues are not discussed with the National Bank. The National Bank conducts its own monetary policy. [...] Today, both the government and the National Bank are working to maintain exchange rate and price stability," Shmyhal said.

He said the government was interested in the development of industry and investment in industry, "but it is not a matter of additional issuance of funds, it is not a matter of the fact that the exchange rate should be artificially raised or lowered."