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Hryvnia exchange rate to stabilize after IMF's decision on loan

14-04-2014 14:52

The devaluation of the hryvnia is linked to Russia's aggression, protests in southeast and a lack of forex reserves, although the expected a quick decision of the International Monetary Fund (IMF) on the provision of financial aid to Ukraine will stabilize the exchange rate, Ukrainian Prime Minister Arseniy Yatseniuk has said.

He said that Head of the National Bank of Ukraine (NBU) Stepan Kubiv told him about successful negotiations with the IMF being held in the headquarters of the organization."In two weeks we're waiting for the decision of the IMF. Serious financial aid will come to Ukraine," he said.