Yakiv Smolii served as governor of the National Bank of Ukraine from 2017 until July 3, 2020, when the Verkhovna Rada, Ukraine’s parliament voted to accept his resignation. He said that he had been subjected to sustained political pressure that threatened the independence of the central bank.

Editor’s Note: The following is an edited excerpt of Yakiv Smolii’s May 28, 2020 address to the Annual Research Conference of the National Bank of Ukraine and Narodowy Bank Polski. At the time, Smolii was the governor of the National Bank of Ukraine. However, on July 1, he resigned from the position, alleging political interference in his work.

1. Poorly educated workers

Source: www.kyivpost.com

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