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23 September 2017
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Government vows to keep inflation at 10% in 2008

Some 300 thousand Soviet-era Savings Bank depositors received compensations

The Cabinet of Ministers of Ukraine plans to keep the inflation in 2008 at the level of 10%.

According to an UNIAN correspondent, Finance Minister Victor Pinzenyk claimed this to journalists before a CabMin session today.

He also noted that, as of today, some 300 thousand Soviet-era Savings Bank depositors received compensations for their savings, and “we did not have to make any hryvnia of emission for that”.

Presently the work of the Finance Ministry and the National Bank of Ukraine is well-coordinated, V.Pinzenyk stressed.

As UNIAN reported earlier, Prime Minister Yulia Tymoshenko said compensations for devalued deposits will be paid in two years. In 2008 the government will allocate 20 billion hryvnias (some four billion dollars), which will comprise 60 percent of the debts.

The UAH 6 billion in cash will go towards clearing only UAH 1,000 by each depositor, and the government plans to encourage the people to leave the money on the account by offering high interest rates: 9.5% for US dollars and 13.5% for hryvnias.

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