Thursday
18 december 2008
20:25
Hryvnia downfall orchestrated by Pres Yushchenko
There is no end to hryvnia nosedive. It was a concerted crime of robbery and genocide against the Ukrainian people in which Pres Yushchenko joined efforts with Poroshenko, Tymoshenko and Stelmakh. They must be kicked out of their offices, and this will stop the hryvnia downfall. The downfall was engineered to suit the interests of clannish groups of Ukrainian tycoons Akhmetov, Pinchuk and Kolomojsky. This is how Prof. Oleh Soskin, director of the Institute for the Transformation of Society, commented to ZIK Dec. 18 on Yushchenko’s recent statement that the hryvnia has hit its lowest exchange rate.In his opinion, the hryvnia pitiable downfall is the result of the activities of Pres Yushchenko, his brother and National Bank of Ukraine Governor Stelmakh. Had they not refinanced the commercial banks in October-November to the tune of 46 billion hryvnia, the hryvnia wouldn’t have fallen so dramatically.
O. Soskin says the hryvnia will continue to nosedive until Yushchenko remains in office. The sooner the incumbent is removed, the sooner the hryvnia downfall will end, he claims.
“Stelmakh has to do one simple thing today – extract 35-40 billion hryvnia from circulation. When he does it, the hryvnia exchange rate will stabilize,” the expert stressed.
Comment by ZIK
The hryvnia has reached its lowest rate, Pres Yushchenko told printed media journalists on Wednesday night.
“This day [Wednesday] will show for the first time that the national currency is stable,” “1+1” channel quotes the incumbent as saying.
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