Photo: Корреспондент.net Coronavirus crisis has affected the banking system
All four objectives are met, banks are still working and are willing to Finance the economic recovery.
The national Bank during the period of quarantine puts before itself four main tasks. This was announced on Friday, may 8, the head of the NBU Yakov Smoliy during the online session of the Verkhovna Rada Committee on Finance, tax and customs policy.
According to him, the first objective is the preservation of the health of all, is financial services – particularly those who only deals with cash.
The second objective is to ensure quality and smooth operation of the financial system, and the third in support of the economy’s available cash resources, the fourth is to create conditions under which after completion of quarantine, the economy will quickly restore growth.
“Now, when two months quarantine is over, we can confidently say that we did it,” – said the head of the NBU.
According to him, now, despite the crisis, no Bank failures, no burst of inflation, no catastrophic fall in international reserves, no long lines of depositors near ATMs.
As previously reported, during the year the national Bank has cancelled approximately 40 foreign exchange restrictions. None of the impairments of the NBU does not have an adverse impact on the foreign exchange market and balance of payments.
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