Ukraine’s Gontareva on one of the toughest jobs in central banking

NBU governor transformed central bank while engaging in wartime deficit funding and overhauling banking sector

Valeria Gontareva
Oksana Parafeniuk

How did you end up as governor of the National Bank of Ukraine (NBU)?

This is really a question for the president, Petro Poroshenko. But perhaps it was because I was a seasoned banker with more than 20 years of experience and the president knew me personally. The request came as big surprise and, initially, I refused it. But he convinced me. And it also came just after the ‘Revolution of Dignity’ [the Maidan Revolution in 2014, which overthrew then-president Viktor Yanukovych], at a very

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