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Tihipko: Hryvnia rate to remain stable under balanced refinancing policy
July 03 at 17:39 | Interfax-Ukraine"If there is no political fraud, the hryvnia could be stable or even strengthen," Tihipko said at a press conference in Lviv.
Tihipko said an example of political fraud was the refinancing by the NBU of a number of banking structures in autumn 2008. According to Tihipko, this occurred when the NBU did not monitor the banks to which it issued large sums of money for refinancing, and these sums "heated the currency market."
"This can be described as unprofessional or as a political fraud," Tihipko said.