charges of the interior minister to the leadership of the NBU and the resignation of the deputy head of the National Bank loud Savchenko said that the political attack on the country's main bank of the Cabinet began. Purpose - to make the National Bank more amenable to the elections and change leadership NBU after them.

affairs Banking

National Bank of Ukraine informally accused of lacking in transparency since last fall. The list of claims have long known: the mysterious procedure of refinancing of commercial banks and the behavior of the regulator on the foreign exchange market.

Less than a year, as the facts of abuse and malfeasance by top officials of the National Bank noted in the MIA. Interior Minister Yuriy Lutsenko said Sept. 8 that the top management of the NBU is involved in the fraudulent refinancing of commercial banks and the conduct of foreign exchange auctions. Specific names of minister without his name.

to violations, according to Lutsenko, involved, and the Secretariat of Ukrainian President Viktor Yushchenko and personally. Exchange rate scenario was to destabilize the situation in the country by the Secretariat of the President. I therefore appeal to Ukrainian President Viktor Yushchenko - a move order in the National Bank, or dry biscuits for their subordinates, then this can not be tolerated, - called Lutsenko.

this statement, the chief police of the country, has long played on the side of Yulia Tymoshenko, has launched a publicity attack on the National Bank of Ukraine and Viktor Yushchenko - one of the contenders Lady S in the electoral race. Indeed, why questions to destabilize the situation in the country, threats to national economic security, corruption in the higher echelons of power involved in the police, not the SBU? Why Lutsenko, on the long-standing custom, violate the secrecy of investigation, making such statements at press conferences? Is it that the Security Service is under the control of the president and interior minister sympathetic to the Prime Minister and is ready to give her a small favor?

in the Secretariat and National Bank have responded accordingly. The unprecedented attack on the National Bank and President of Ukraine, which is clearly directed by a single center, is intended to divert attention from the problems of failure to comply with the promises made, filling the budget, a sharp deterioration in living standards of citizens, - said the presidential office. And quite rightly advised to present the facts of abuse in the manner prescribed by law. In NBU confident that the charges are unfounded Lutsenko and forwarded to the National Bank, apparently, to make a more tractable control in anticipation of the presidential campaign.

A few days later Interior Minister said that Anatoly Shapovalov, First Deputy Chairman Volodymyr Stelmakh, was summoned as a witness. The following public blow to the reputation of the NBU and the president's resignation was loud and subsequent press conference the deputy head of National bank Alexander Savchenko. He repeated his accusations against the leadership of the NBU, announced earlier chief policeman of the country.

We see this pre-planned action: yesterday was the statement by the Minister Lutsenko, today - the resignation of Mr. Savchenko. This is a direct impeachment of the National Bank, - convinced the deputy head NBU Anatoly Shapovalov.

Taming Stelmakh

Alexander Savchenko not the first time helps tame Yulia Tymoshenko Vladimir Stelmakh. At the end of last year, when relations between the Prime Minister and head of the National Bank were stretched to the limit, suddenly appeared at the premiere of internal reports on the allocation of NBU refinancing. After that Tymoshenko began actively to accuse the leadership of the central bank to Corruption in the allocation of refinancing for commercial banks.

BYuT in Parliament organized a special commission of inquiry which investigated violations of the NBU. January 6, 2009 deputies from the Yulia Tymoshenko Bloc offered to dismiss Rada Volodymyr Stelmakh, his deputy, Anatoly Shapovalov, and the head of the National Bank to make Alexander Savchenko.

resignation of head NBU has not taken place, but after that, Vladimir Stelmach became more heed to the wishes of not only the president but the prime minister. This required the two articles of the Law on State Budget, which operated the entire first quarter. According to article 84, the regulator could not give the banks refinanced without the consent of the Cabinet, and article 86 prescribed buy any amount of Government Bonds issued by the Government, within three days of the filing.

National Bank regularly helped Yulia Tymoshenko to patch holes in the state budget: in 2009 bought control of internal goszayma bonds worth 30 billion hryvnia. The head of the National Bank and Prime worked, so the accusations of violations of the NBU and calls for the resignation of Stelmakh some time was not heard.

But with the approaching presidential election exacerbated the competition between the president and prime minister, so the head of the Central Bank was forced to decide on sympathies. Secretariat will now relentlessly criticizes the economic policies of Tymoshenko, and National Bank is helping to make this criticism justified.

example, to get an important tranche of the IMF, Ukraine must approve the state budget for 2010 in the Budget Code of the specified period. The draft state budget the Cabinet of Ministers shall prepare and submit to the Rada no later than 15 September and the NBU as luck would have in no hurry to approve the basis of monetary policy next year, without which it can not mark up the draft budget.

In addition, the central bank has refused to allocate money for Euro 2012. Vetoed by the president, but the law requires the Speaker signed by the NBU in advance to transfer to the state budget of 9.8 billion hryvnia from its profits for the current year. But the Board of the National Bank reported that the National Bank's profits this year will be only 600 million hryvnia, so money for Euro 2012 no.

Still, the biggest irritant for Tymoshenko, perhaps, acts prancing dollar, which suffered most from the rating. As stated by Prime Minister at a recent meeting of the government for the current course there is no reason ... is the falling value - this is a consequence of corruption, speculation and the inactivity of the National Bank. Also the head of the Government promised that the hryvnia exchange rate will be 7,5, but only in the case of a change in leadership of the NBU.

HR Reserve

In place of the head of the National Bank of BYuT has long been tipped as Alexander Savchenko, who until recently was his deputy. At the end of 2008, when the chair under Vladimir Stelmakh sway, Yulia Tymoshenko's mention of a worthy deputy head, which would replace the current chairman. Later, in January 2009 are, as mentioned, BYuT openly offered to replace the Rada Stelmakh on Savchenko.

Immediately thereafter, the relationship between the head of the Central Bank and his ambitious deputy sharply deteriorated. We Savchenko away most powers. Managed by the Department of exchange controls and licensing appointed another deputy Stelmakh - Vladimir Krotyuka.

While

Savchenko was on vacation, to the post of Executive Director of the National Bank of Ukraine on September 1 put Anatolia Balyuk, under the leadership of which hit and the department of licensing and exchange controls. At the same time the last Alexander Savchenko deprived of office. Until now, I worked at National Bank of project and non-inflationary nedevalvatsionnoy transformation more money in the economy. But, unfortunately, its hacked. So I resigned, - said the former deputy chairman at a press conference.

In response

Savchenko tried to strike a painful ex-bosses and go through the president. In connection with my disagreement with the currency exchange rate, monetary and monetary policy guidelines of the National Bank, which leads to the destabilization of the exchange rate, the growth of credit activity of banks, falling GDP, an increase in the number of insolvent banks, and ultimately - to an unprecedented decline in living standards population, has resigned.'s resignation is political. This means that I will not find a job - he said in a live broadcast throughout the country.

Savchenko believes that Vladimir Stelmach will remain in his seat before the start of next year. But the hope for favorable employment does not leave the former deputy chairman. I believe that Vladimir Semenovich need to refine his term. But will the new president - will the new head of the National Bank, - he stressed.

In his speech, Savchenko showed excellent example of doublethink, accusing the joint venture in pressure on the National Bank. On the one hand, he acknowledged that the NBU depends on the president and from his office, and must stop the practice when the boys and girls from the Secretariat to decide for the staff of the National Bank. On the other hand, admitted that Yuliya has the potential pressure is much greater than all the others. But Savchenko not see anything wrong in this. She constantly presses, requires more and more funding. And that's OK, so it should be. Let the government do anything. If the National Bank knows his business, keeps a stable national currency, all we will continue to grow, - he said.

scandal at the National Bank of the warring parties to assess different. However, all agree on the fact that NBU today has ceased to be an independent player. Capacitance described the situation with the resignation of Alexander Savchenko NSDC First Deputy Secretary Stepan Gavrish. I think this is evidence that the National Bank began to lead the policy that the National Bank is losing its independence, and that the impact on the National Bank is excessive, which could lead to a serious crisis.

Sergei Pasyuta

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