LVIV, July 17 – Ukraine should rein in inflation to prop up the hryvnia exchange rate, a supervisory board member in Bank Lviv, the founder of Iceland's MP Bank, Margeir Petursson, said.

"It's very hard to say something about the future hryvnia exchange rate. If Ukraine fails to control inflation, the hryvnia will see a steeper fall," he said at a press conference in Lviv on Thursday.