She also stated that the attempt of Kolomoyskyi to reclaim Privatbank is a disgrace and lawlessness.
Ex-leader of the National Bank Valeria Gontareva advises the winner of the presidential election Volodymyr Zelensky to reform the judicial and law enforcement systems in order to preserve achievements in the financial and banking sectors.
She said this during the interview to “Voice of America“.
Gontareva believes that today “at the macroeconomic level everything is in order,” but the problem is that “in Ukraine, there is no rule of law, there are no laws, and no one follows the laws”.
“This is all [ed. – reforms in the banking and financial sectors] can be reversed, and this is the biggest challenge in Ukraine. I don’t know how to do this, what proposals to give to Mr. Zelensky, because if this hasn’t been done so far, then it’s hard for me to say what he can do today,” said Gontareva.
The condition of the Ukrainian financial system at the beginning of its work in 2014 was described as “horror, collapse, and perfect storm”.
“And after that, a real war began when we lost 15% of our GDP and another 10% of our territory. One year I did not have a single weekend, and I slept no more than five hours a day. It was a terrible time. But in professional terms, for me personally, it was a big breakthrough,” said the former Head of the National Bank of Ukraine.
At the same time, she said, they managed to carry out a series of reforms.
“We switched to a flexible exchange rate. We have introduced a new fiscal policy on inflation. We have cleared the banking sector. We reformed the central bank into a powerful institution,” said Gontareva.
Gontareva stressed that one of her most important decisions was the nationalization of Privatbank and she called “lawlessness” and “disgrace” the attempts of one of the former owners Ihor Kolomoisky to appeal this decision in the courts.