Friday, April 28, 2017

Ukraine’s reformist central bank chief resigns

Ukraine’s reformist central bank chief Valeriya Gontareva submitted her resignation on Monday after coming under intense pressure from tycoons whose banks were shut down for illegal transactions and loans.

“I voluntarily submitted my resignation to the president of Ukraine effective May 10,”
the 52-year-old former private banker and Western financial darling told reporters.
She said her successor at the National Bank of Ukraine (NBU) was also likely to come under fire and urged that person the best of luck. “There will be political pressure on anyone who has this job. Forthis reason, I would like to tell my successor: be strong.”

Gontareva was lauded by economists and the West for cleaning up Ukraine’s murky financial sector in which many banks functioned as little more than the private purses of a select group of powerful billionaires. But she became a lightning rod for criticism of her liberal policies from the oligarch-controlled media outlets that dominate the troubled former Soviet state.—AFP



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