Political independence will allow the National Bank to fulfill its mandate effectively, to ensure price and financial stability."

At the same time, we have several challenges: the critical amount of non-performing loans in the banks’ portfolios and the weak protection of the creditors rights.

"We will not allow returning to the domination of fiscal policy over the monetary price of purchasing power of Ukrainians" On March 2, 2018, in the interview for Interfax portal Yakiv Smolii noted[8] that the NBU prepared a renewal of the development strategy of the financial sector of Ukraine (in particular, for the time period 2020–2025[9]).

[4] Before the vote Smolii addressed parliament and stated that he had "made a difficult but necessary decision to resign" because according to him the National Bank had "been under systematic political pressure for a long time.

Pressure to approve decisions that are not economically sound, that focus on short-term simple victories and can cost the Ukrainian economy and Ukraine in the longer term".

"[12] He didn't explicitly state pressure from individual politicians but claimed that "at all meetings where the president, people's deputies or the prime minister were present the National Bank was asked to flood the economy with money and to cancel sound principles of regulation.