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Devaluation of Ukraine's hryvnia reaches 100% - National Bank's chief

November 21, 2014, 0:38 UTC+3 KIEV
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KIEV, November 21. /TASS/. Devaluation of the Ukrainian hryvnia has reached 100% since the beginning of the year, Head of the National Bank of Ukraine Valeria Gontareva said on Thursday in the course of an international investment forum.

"At this moment, the hryvnia is devalued 100% Business has gone into panic," the bank's chief said.

However, she mentioned that Ukraine had got a powerful enough banking sector.

According to the National Statistics Service, the country's inflation rate was at 2.4% in October 2014. The Finance Ministry hopes to curb this year's inflation within 19%, which meets the earlier published forecast of the World Bank.

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