Ukraine, Kiev, Dec. 26/ corr. Tend Capital Z. Novsvitski/ The Supreme Rada expressed distrust with the Chairman and Board of the Ukrainian National Bank (NBU).
In the appropriate resolution, the Parliament considered work of NBU inadequate in the period of financial crisis. The Central Bank hasn't fulfilled its main function to ensure stability of hryvnia that threatens national economic security and sovereignty of Ukraine, MPs said.
The Supreme Rada considered non-transparent the procedure of refinancing carried out by the NBU in October-December. It is the interests of separate financial organizations and has signs of corruption which led to huge and sudden destabilization of national currency and inflation.
The Parliament also called for the Ukrainian President to urgently submit resolution to dismiss NBU chairman Volodymyr Stelmah, as well as to put a candidate to a head of Central bank into consideration of Supreme Rada.
MPs also charged the Accounting Chamber to verify the validity and provision with refinancing provided by the National Bank in Oct-Dec. The Parliament applied to Ukrainian Prosecutor General to examine all the materials concerning this issue and react to them properly.
"The system analysis of NBU actions confirms inefficiency of work of the bank's management that led to devaluation of national currency, accumulation of loans and currency risks in the banking system," Yuri Poluneev, chairman of Temporary Investigation Commission of Supreme Rada, said.
According to initial report, under bank secrecy the NBU management avoids delivering more necessary information on the banking procedures to grant stabilization loans to commercial banks and operations on currency purchase-sale by separate banks in currency market and auctions of the National Bank, MPs said.
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