Opinions

War is a difficult exam. And we made it worthy. The National Bank is stronger today than ever

The Head of the National Bank Kirill Shevchenko (since July 2020) submitted a resignation application for consideration by the President of Ukraine. Further - direct language for health -related reasons that I cannot continue to ignore, made a difficult decision for myself: I leave the post of head of the National Bank of Ukraine. I appealed to the President of Ukraine to accept my resignation. I thank him for his confidence and joint work in favor of the state - both in peacetime and in wartime.

From the first days in the NBU, I was primarily an anti -crisis manager - and fulfilled my mission: I ensured the uninterrupted operation of the financial system during the difficult time of a full -scale war. The war became another difficult exam for our team and me personally - and we passed it with dignity.

Since the beginning of the full -scale war, the National Bank: - ensured the smooth operation of the financial system; - did not allow panic on the foreign exchange market; - stopped a large -scale outflow of capital to protect reserves; - kept inflation at an adequate level during the war; - put the shoulder of the state budget, understanding the difficulties with raising funds during the war.

In addition, I emphasize our efforts in the diplomatic plane - on the one hand, we have intensified the mechanisms of international financial assistance to Ukraine, on the other - initiated at the international level a number of decisions that weakened the economy of the aggressor. Today, the NBU is really stronger than ever, in the ability to meet challenges and overcome crises, is a good check of war.

And it retains its ability to be the basis of post -war economic recovery and to direct the entire financial sector. To those who come after me, I pass the banking system strong, capitalized, stable. I believe that it will continue. I am grateful to the entire team of the National Bank, whose fate has been the most difficult tests in the history of independent Ukraine. I'm proud of working with you. I am grateful to colleagues from the entire financial market.

Together, we kept the banking system that worked during the war, provided citizens' access to financial services, kept financial stability against the most difficult circumstances. This is seen by Ukrainians, this admire and appreciate our international partners at all levels. I am grateful to our international partners for fruitful cooperation and adamant support of Ukraine and its financial sphere at such a difficult time.