KIEV, July 1 – The hryvnia revaluations in 2005 and 2008, followed by the sharp devaluation at the end of last year are payment for first-rate macroeconomic policy blunders by several governments in a row, National Bank of Ukraine Governor Volodymyr Stelmakh said in an interview with the Mirror Weekly (Dzerkalo Tyzhnia) newspaper.

"Both the hryvnia revaluations and devaluation are payment for blunders and sometimes for simple disorderly behavior in the macroeconomic policy of several governments in a row. These steps cannot be assessed by wrenching them out of the context of the situation at that time," he said.