Finance Ministry should reduce foreign exchange debt – NBU

Deputy Governor of the National Bank of Ukraine (NBU) Oleh Churii has said the Ministry of Finance should reduce the share of foreign currency liabilities in the structure of public debt.

"The Ministry of Finance needs to diversify its foreign currency debt structure. To date, it is 70% in foreign currency," he told reporters.

Read alsoUkraine's state debt down to $76.1 billionAccording to him, in this regard, the arrival of foreign investors ready to buy hryvnia bonds should be welcomed.

"The Ministry of Finance needs to severely reduce its debts in foreign currency and shift more toward the national currency. In terms of currency risks, the debt has become very high now, and it is necessary to make effort to replace the foreign exchange debt with the one in hryvnias," Churii added.