KIEV, Oct. 30 - There will be no sharp surges in the hryvnia exchange rate in Ukraine, as the National Bank of Ukraine has enough currency reserves to ensure its stability, according to First Deputy NBU Chairman Anatoliy Shapovalov.

"Over the past years, the NBU has been fulfilling its constitutional function of ensuring the stability of the national currency," he said on the Inter TV channel during the Savik Shustov's Freedom program last Saturday night, commenting on accusations ineffective NBU policy in supporting a stable hryvnia exchange rate to the dollar and its responsibility for the acceleration of inflation.