KIEV, May 25 – The surplus of Ukraine's current and financial accounts in April 2010 ensured an increase in the surplus of Ukraine's consolidated balance of payments last month by 24.7% compared to March 2010, according to Valeriy Lytvytsky, the head of the group of advisors to the governor of the National Bank of Ukraine.
"The trend of the hryvnia's strengthening in April was absolutely justified. It is most likely to become stronger… The NBU's forex rate is following the market. The NBU only prevents excess fluctuations. If the double surplus [of the current and financial accounts] continues in the coming months, the forecast of the surplus of the balance of payments will need to be improved," he told Interfax-Ukraine on Tuesday.
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