The National Bank of Ukraine plans to deepen cooperation with the Ministry of Finance of Ukraine in 2012, as mentioned by First Deputy Governor of the National Bank of Ukraine Yurii Kolobov in an interview with Channel 5.

According to him, the senior managers of the National Bank of Ukraine met a newly appointed Minister of Finance of Ukraine Valeriy Khoroshkovsky on 23 January 2012.

“During the meeting, we discussed current issues related to fiscal policy and developed measures, which we plan to implement in cooperation with the Ministry of Finance of Ukraine. In addition, we discussed the possibility of giving permission for the Treasury to raise funds and place their resources for a short term, which is common practice in many countries, in particular, in the Russian Federation. In today’s context, short-term attraction and placement of funds will contribute to improve the economic situation and make it possible to attract additional funds to the economy. We have reached an agreement that a domestic investor, who plays an important role in investing and boosting the economy, should be encouraged to leave the shadow market by introducing new types of transactions in securities, T-bills intended for natural persons,” said Yurii Kolobov.