Today, on May 10, 2017 the Head of the National Bank of Ukraine Valeria Gontareva has offered to the President the official resignation on her own request. “As promised, inform you about my dismissal a month in advance”, – she announced at a National Bank management press conference. Valeria Gontareva held this position for almost three years – from 19 June 2014.
She stressed that for the first time in history, the resignation of the Head of the National Bank is not a political decision. She noted that today she is ready to report at the Verkhovna Rada plenary session as for results of her activities as a Head of the National Bank.
However, there will be no further changes to the Management Board of the National Bank, underlined Valeria Gontareva. Also, no changes in the central bank policy are planned.
According to her words, the National Bank team managed to realize unprecedented and the biggest reform, achieve macroeconomic stability and high-quality banking system renewal. Summing up the results of their work, she concluded that it became possible to move to a flexible exchange rate and implement a new monetary policy of inflation targeting; managed to clean the banking system of insolvent banks and strengthen its stability; transform and restructure all the National Bank processes.
The National Bank Governor underlined the importance to maintain the current central bank policy and the need for cooperation with the International Monetary Fund.
According to Valeria Gontareva, she has already nominated several candidates to the President as a possible successor to the presidency of NBU.
Under the law, the Governor of the National Bank is relieved of the post by the Verkhovna Rada of Ukraine upon a representation from the President of Ukraine; thus Valeria Gontareva will continue in her post until the parliamentary decision.
Note: inflation targeting – a monetary regime which provides the central bank responsibility for compliance with the proclaimed value of the official inflation rate (Target) within a specified period of time.
Source: The National Bank