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Newly appointed Ukrainain National Bank's Council elected Danylyshyn as its head

Newly appointed Ukrainain National Bank's Council elected Danylyshyn as its headThe newly appointed Council of the National Bank of Ukraine (NBU) at a first meeting on Tuesday elected Bohdan Danylyshyn its head, the regulator has reported on its website.

According to the report, Tymofiy Milovanov elected deputy head of the NBU Council.

Danylyshyn said that the Council's work will aim at providing macrofinancial stability, social and economic development of Ukraine.

As reported, Ukrainian President Petro Poroshenko has appointed former Economy Minister of Ukraine academician Bohdan Danylyshyn and President of Kyiv Institute of Banking Doctor of Economics Vasyl Furman members of the NBU Council.

Ukraine's Verkhovna Rada on July 7, 2016 formed its quota of four members of the NBU Council: economic theory department chairman of Ternopil National Economic University Viktor Koziuk was appointed for seven years, former director of the chief monetary and credit policy department at the NBU Olena Scherbakova for six years, member of the editorial staff of VoxUkraine website Tymofiy Milovanov for five years and former deputy NBU governor Vira Rychakivska for four years. The Council has nine members.

The NBU Council's meeting is valid if at least six members are present.
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