However, one of the preconditions of the successful implementation of our strategy is the institutional independence of the National Bank of Ukraine. How is this going to be achieved? Ukraine holds one of the leading places in the world IT industry ranking, and the implementation and the application of financial technologies, namely blockchain will also play a great role in the outlook of our financial system. Smolii complained of sustained political pressure that has prevented him from doing his duties. Central bank speech | … By Robert Homans in Los Angeles July 7, 2020. From March 15, 2018 — appointed Chairman of the National Bank of Ukraine by the decision of the Verkhovna Rada of Ukraine. The National Bank of Ukraine has changed its monetary policy and shifted to a floating exchange rate, as well as our inflation targeting activities, and we consider that these factors contribute greatly to the sustainable development of Ukraine’s economy. We are gradually discharging our obligations in order to enable Ukraine to integrate into the EU's financial environment.

The steps we have taken have already contributed to an increase of public trust in the banking system, and have led to banks becoming profitable. Together with the members of the NBU Board, we have been a shield that has protected our technocratic and apolitical institution from the influence of political forces. That makes me certain that we can take pride in what we have accomplished together. There are many reasons why Ukrainian sometimes take a cautious approach to financial services, and may not be always prepared to be the clients of banks, insurance companies, and pension funds.

Un réformateur ? The main industries that will contribute to economic growth are the agriculture and metal sectors. According to our forecasts, GDP will increase by approximately 3.4 percent this year, and this will be largely due to the increase in private consumption, which will increase by more than 5 percent this year. As of 1 January 2018, the banking system is properly capitalized. This page was last edited on 20 August 2020, at 14:25. The banks that are currently operating have booked profits of 8 billion hryvnias for the first quarter of 2018. Soutenez le journalisme d’investigation et une rédaction indépendante. Resignation speech by Mr Yakiv Smolii, Governor of the National Bank of Ukraine, at the Verkhovna Rada of Ukraine (Parliament), Kyiv, 3 July 2020.

The BIS's mission is to serve central banks in their pursuit of monetary and financial stability, to foster international cooperation in those areas and to act as a bank for central banks.