Chairman, National Bank Volodymyr Stelmakh of Ukraine
Stelmakh has denied accusations he was involved in the exchange market speculations, which caused hryvnia's fall to record lows, traded at 9.
On December 3, 2004 Stelmakh was appointed the Governor of the National Bank of Ukraine.
the head of state is the only political support the NBU head has.
var RTR_ArticleBlurb = " KIEV, May 23 (Reuters) - Ukraine's central bank chairman Volodymyr Stelmakh said on Friday the bank's council had no right to decide on economic or legal issues, after the 15-man council vetoed the board's revaluation of the hryvnia.
council vetoed the board's revaluation of the hryvnia.
var RTR_ArticleBlurb = " KIEV, Dec 29 (Reuters) - Ukraine's central bank will discuss the possible sale of Prominvestbank, in receivership since October, to Russia's state-owned VEB bank, central bank chairman Volodymyr Stelmakh said on Monday.
Volodymyr Stelmakh said on Monday.
KIEV, Oct 20 - Ukraine's Central Bank Chairman Volodymyr Stelmakh said on Monday he expected talks with the International Monetary Fund to yield results this week.
Reuters - Tuesday, December 30KIEV, Dec 29 - Ukraines central bank will discuss the possible sale of Prominvestbank, in receivership since October, to Russias state-owned VEB bank, central bank chairman Volodymyr Stelmakh said on Monday.
NBU chairman Volodymyr Stelmakh said hryvna in recent years had become a stable currency and argued there was no longer a need for the government to intervene in currency markets to keep the value of the Ukrainian money within a set corridor.
National Bank chief Volodymyr Stelmakh has denied having any hand in the exchange market speculations that caused the hryvna to lose half its value against the dollar last week.
Stelmakh was deputy chairman when Yushchenko chaired the NBU in the 1990s, and the president is now his only supporter.
Yushchenko met Lytvyn after his election as speaker on December 9 and warned him against being hasty in ousting Stelmakh, but even Yushchenkos own trust in Stelmakh is waning.
National Bank chief Volodymyr Stelmakh has denied having.
Symbolic MoveThe move against Central Bank head Volodymyr Stelmakh was symbolic as only President Viktor Yushchenko can remove him, subject to the chamber's approval and he has shown no inclination to do so.
Without the loan, “we will not be able to show our creditors that we have a reliable mechanism to repay our debts,” Stelmakh said at a press conference.
Stelmakh said Wednesday he did not expect that the hryvnia to be any stronger than 6.
KIEV, Dec 11 (Reuters) - Ukrainian exporters are hoarding about $9 billion in their dollar accounts, the sale of which would easily support the hryvnia, central bank Chairman Volodymyr Stelmakh said on Thursday.