NBU to continue cooperation with foreign investors – central bank chief.

According to Shevchenko, in five years Ukraine will have a real chance to become a regional financial hub.

REUTERS

REUTERS

Governor of the National Bank of Ukraine (NBU) Kyrylo Shevchenko has said the central bank will continue its policy of effective cooperation with international financial organizations and foreign investors.

"The NBU will remain consistent and continue to meet its commitments to the public, businesses, government authorities, and partners. Let me also assure you again that the NBU will retain its institutional independence. Decisions will continue to be professional and economically sound," he said in a speech on the occasion of his official introduction by the president of Ukraine.

Shevchenko stressed the NBU would continue its policy of effective cooperation with international financial organizations and foreign investors.

Read alsoEBA announces five priority steps that business expects from new NBU governor

"I am confident that in five years, Ukraine will have a real chance to become a regional financial hub, where investors from all over the world will seek to invest long-term. The NBU will continue to facilitate the implementation of the main priorities of the Strategy of State-Owned Banks," he said.

According to Shevchenko, today, the parliament, the government, and the NBU can and should stand united as a solid mechanism for building out the national economy.

"Together, we must create favorable conditions, including monetary and prudential ones, for sustainable economic growth," the central bank chief said.

"We cannot achieve this without maintaining an effective dialogue. I will do everything in my power to increase the central bank's role in supporting the national economy of Ukraine and improving the quality of life of Ukrainians," he added.

As UNIAN reported earlier, former NBU Governor Yakiv Smolii signed a letter of resignation on July 1, 2020. The move was a result of what he claimed was long-standing political pressure. He forwarded the letter to Zelensky. Under Ukrainian law, Smolii's resignation had to be accepted by the president first and then, his technical dismissal had to be confirmed by parliament.

On July 3, Ukrainian parliamentarians voted to back Smolii's exit.

On July 16, the Verkhovna Rada, Ukraine's parliament, backed the appointment of Kyrylo Shevchenko, head of state-run Ukrgasbank, as the new governor of the National Bank of Ukraine.

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