KIEV, Nov. 21 – The net inflow of foreign currency to Ukraine registered in January-October 2011 at some $12 billion provides for the proper support of the hryvnia exchange rate and points out the groundlessness of talks around coming devaluation, according to Serhiy Korablin, the director of the department for analysis and projections on the monetary and credit market at the National Bank of Ukraine.

"Today we have net inflow of foreign currency to Ukraine, so a talk about the hryvnia being on the verge of devaluation is incorrect… If last year the net inflow [from nonresidents] amounted to some $10 billion, over the past ten months it totals $12 billion. These things should be discussed, so not to have delusions that everything is bad," he said at the Ukrainian Banking Forum organized by Adam Smith Institute in Kiev.