Ukrainian parliament appoints new national bank head

Source: Xinhua| 2020-07-16 22:00:01|Editor: huaxia

KIEV, July 16 (Xinhua) -- Ukrainian members of parliament voted in support of Kyrylo Shevchenko as the new head of the National Bank of Ukraine (NBU), the parliament's press service said on Thursday.

In his parliament speech, the new National Bank head said that he would continue cooperation with the International Monetary Fund (IMF) and other financial institutions and would not allow uncontrolled inflation or uncontrolled money issuance.

Shevchenko, 47, has been working in the banking industry since 1994. He became acting chairman of Ukrgasbank in 2014 and full-fledged chairman in 2015.

Former NBU head Yakiv Smolii filed a resignation on July 1.

Ukrainian and foreign officials spoke about their concern that Smolii's resignation would deteriorate Ukraine's relationship with the IMF, which has approved a new 18-month Stand-By Arrangement for Ukraine for 3.6 billion SDR (about 5 billion U.S. dollars) on June 9. Enditem