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Hontareva – Mission Accomplished!

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Chairman of the National Bank of Ukraine Valeriya Hontareva resigned. Has she performed its function? This question was answered by CASE Ukraine`s CEO Dmytro Boyarchuk for the Deutsche Welle.

According to him, Hontareva fulfilled her mission – she conducted reforms.

Namely:

1. Under her leadership the National Bank held a series of major reforms, the most famous of which was the cleaning of the banking market.

2. Full disclosure of bank owners. By 2014, many banks did not provide that data at all. They claimed offshore companies in Cyprus or dummies to be their owners. Since 2015, all Ukrainian banks published data on its shareholders to the last individual.

3. Refusal from Hryvnia course fixing and making inflation level a priority
What should make the new head of NBU?

Dmytro Boyarchuk believes it is necessary to adjust the work of the futures currency market. Once this currency risk insurance tool will work, one will be able to cancel more foreign exchange restrictions, such as the mandatory sale of currency and obligatory currency import within 120 days.

April 10, 2017