NBU: privatization needed to maintain international reserves and currency

Deputy Chairman of the National Bank of Ukraine, Oleh Churiy told UA|TV, an Ukrinform correspondent reports.

“We believe that privatization is extremely needed for the accumulation of reserves, and for the improvement of business environment,” Churiy said.

According to him, the privatization of state-owned enterprises can be a very important factor for the maintenance of national currency. "This means, we will be able to accumulate the foreign currency, which foreign investors will bring to purchase state-owned enterprises. This will promote the improvement of business environment. Of course, under the condition that the privatization will be fair and transparent,” Churiy said.

At the same time, the NBU believes that privatization can bring large amounts of funds to the budget. "The amount of UAH 17 million from privatization has been projected in the budget. But according to our information, we believe that we can receive much more funds from those companies which can be sold, than those [sums] projected in the budget,” the deputy NBU governor said.

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