UJ.com

Top 2 

                        THURSDAY, FEBRUARY 5, 2026
Make Homepage /  Add Bookmark
Front Page
Nation
Business
Search
Subscription
Advertising
About us
Copyright
Contact
 

   Username:
   Password:


Registration

 
GISMETEO.RU
UJ Week
Top 1   

    
Business    

Central bank governor tenders resignation
Journal Staff Report

KIEV, April 10 – National Bank of Ukraine Governor Valeria Gontareva tendered her resignation, effective May 10, on Monday following years of intense political pressure, a hate campaign and even death threats at a time when the country is enduring a deep recession.

"If the Verkhovna Rada votes for me to resign earlier, I will go earlier," the NBU chief said.

Gontareva had been championed by the International Monetary Fund and investors for stringently imposing anti-crisis measures in Kiev. Although some lawmakers and domestic businesses had judged the same policies as deplorable.

"I believe my successor will be professional and independent from political currents… But the political pressure will be (there) for anyone in this position," Gontareva told reporters at a press conference on Monday, shortly after submitting her resignation to President Petro Poroshenko.

On March 1, Ukraine's central bank chief had hinted she may not continue in the post for too much longer after a hate campaign had culminated in protestors leaving a coffin outside the main entrance of the central bank.

Under Gontareva's three-year stewardship, Ukraine switched from a pegged to a floating currency and launched a clean-up of the country's banking system. The latter resulted in more than 80 banks, used by vested interests to launder money and pocket bank operations, being shut down.

The IMF, which is currently supporting Kiev with a $17.5 billion bailout package, had recently praised Gontareva and her team for "skillfully" managing monetary policy throughout a "very challenging period".

However, the institution led by Christine Lagarde warned at the start of the month that domestic politics could unsettle vital reforms such as increasing the pension age for citizens and lifting a suspension on land sales.

"There is no change in the policy of the central bank," Gontareva declared.

"A floating exchange rate, inflation targeting, modern central bank – all those things that my team and I struggled for so long, remains unchanged. … The (central) bank will continue consistent implementation of the policy that you have seen throughout my presidency," she added.

Gontareva's successor has not yet been identified though both the president and Ukraine's parliament are required to approve the resignation.

Should Gontareva's resignation letter receive approval, the central bank governor appears likely to become another name on the list of pro-reformers to have either quit or have been forced out of their jobs. Economy Minister Aivaras Abromavicius, the head of the national police and the technocrat finance minister had all lost their respective positions before Monday. (cnbc/ez)




Log in

Print article E-mail article


Currencies (in hryvnias)
  21.03.2025 prev
USD 41.54 41.57
RUR 0.489 0.497
EUR 45.00 45.32

Stock Market
  20.03.2025 prev
PFTS 507.0 507.0
source: PFTS

OTHER NEWS

Ukrainian Journal   
Front PageNationBusinessEditorialFeatureAdvertisingSubscriptionAdvertisingSearchAbout usCopyrightContact
Copyright 2005 Ukrainian Journal. All rights reserved
Programmed by TAC webstudio