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Turchynov sets up ad hoc group on public foreign currency loans

02-06-2014 14:50

Chairman of the Verkhovna Rada and Acting President of Ukraine Oleksandr Turchynov has established a working group to resolve the issue of minimizing the negative effects of the hryvnia devaluation for citizens who have foreign currency loans at Ukrainian banks.

According to the press service of the parliament, it is planned by June 3 to prepare corresponding proposals and submit them to the profile parliamentary committee on finance and banking, whose head Oleksandr Ryzhenkov appointed group leader.The group will also include MPs of Ukraine, representatives of the National Bank, the Association of Ukrainian Banks and other financial institutions, representatives of the public.As reported, the hryvnia since the start of the year has devalued by about 44%, from UAH 8.20 per $1 to UAH 11.80 per $1.