The National Bank of Ukraine believes that there are no conditions for the devaluation of the hryvnia in the country. This was stated by the first deputy head of the NBU, Anatoliy Shapovalov.\n\n"There are no conditions for the devaluation of the hryvnia given the projected positive balance of goods and services (for 2007). Moreover, the financial account is also normal. We believe that today the exchange rate is balanced," said Shapovalov.\n\nAccording to Shapovalov, today there is an excess of currency on the market, and over the past three and a half months the NBU has purchased about one billion dollars into reserves.\n\nThe first deputy head of the NBU also confirmed that for 2007 the National Bank proposes that the average hryvnia exchange rate remain within the range of 4.95-5.25 hryvnias per US dollar.\n\nHe said that for calculating the budget indicators for 2007, an exchange rate of 5.1 hryvnias per dollar is used.\n\n"We have agreed (with the government) that the National Bank and the government will develop measures and coordinate actions to ensure low inflation, a stable exchange rate and a moderate budget deficit, and on this basis create an investment climate," said Shapovalov.\n\nEarlier, representatives of the Party of Regions spoke about a possible reduction in the hryvnia exchange rate, noting that a lower exchange rate could help exporters and reduce the negative balance of payments.\n\nThe hryvnia exchange rate - 5.05 per US dollar - has remained unchanged for about a year.