National Bank denies the possibility of terminating cooperation with the International Monetary Fund in relation to the conservation of gas prices to the public in September.

about this during an internet conference, said the director of the Department of Foreign Economic Relations National Bank of Ukraine Sergey Kruglik.

gap program is unrealistic, because the mission of the International Monetary Fund has agreed to increase gas prices from October 1, 2009, - he said.

According to the previously reached agreements with the fund, the price of gas for the population were to be increased from 1 September to 20%.

Kruglik also spoke about the situation on the currency market of Ukraine.

How say experts - Ukrainian, international and in particular the head of mission of the International Monetary Fund Ceyla Pazarbashioglu, hryvnia weakens due to political uncertainty and unclear government economic policy - he said.

According to the representative of the NBU, only joint action by all government agencies and institutions with a clear economic strategy and corresponding investment policy could stop the further devaluation.

He noted that the National Bank its own efforts alone can not stem the decline of the hryvnia.

The banker added that the level of confidence to the Ukrainian hryvnia at the moment is the same as the level of confidence in the authorities.

That is political instability and disorientation of the population provoke including the fall of the hryvnia. Therefore, only a clear indication from the Government on the attractiveness of projects in which people can invest, can somehow rectify the situation, - he said.

Kruglik stressed that the NBU is developing new tools for reducing the economy and the population from exchange rate fluctuations.

planned ban on foreign currency loans to private individuals and business owners who do not have foreign exchange earnings.

As reported, ruling NERC to increase the price of natural gas for the population to 20% from September 1, not yet in force because of lack of harmonization with the trade unions.

July 24 Commission announced its decision to increase by 20% the price of gas for the population as of 1 September and 20% marginal price of gas for the utilities thermal power from October 1.

Raising tariffs is one of the conditions for attracting Ukraine International Monetary Fund loan, and loans for pumping gas into underground storage.

In addition, the government, according to the memorandum with the IMF, has undertaken since 2010 to introduce a quarterly adjustment of prices for these categories.

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