Volodymyr Stelmakh — banker, economist

Economist

An economist is a professional in the social science discipline of economics. The individual may also study, develop, and apply theories and concepts from economics and write about economic policy...

 (Candidate of Science (PhD

PHD

PHD may refer to:*Ph.D., a doctorate of philosophy*Ph.D. , a 1980s British group*PHD finger, a protein sequence*PHD Mountain Software, an outdoor clothing and equipment company*PhD Docbook renderer, an XML renderer...

) in Economics

Economics

Economics is the social science that analyzes the production, distribution, and consumption of goods and services. The term economics comes from the Ancient Greek from + , hence "rules of the house"...

), statesman

Statesman

A statesman is usually a politician or other notable public figure who has had a long and respected career in politics or government at the national and international level. As a term of respect, it is usually left to supporters or commentators to use the term...

 and current Governor of the National Bank of Ukraine

National Bank of Ukraine

National Bank of Ukraine is the central bank of Ukraine. Its headquarters building, constructed between 1902 and 1934, is located at no. 9 Institutska St., in Kiev-History:...

.

In February 2010 he was awarded the Order of Yaroslav the Wise (second degree).

Governor of the National Bank of Ukraine

From January 2000 to January 2003 Stelmakh served his first turn as Governor of the National Bank of Ukraine

National Bank of Ukraine

National Bank of Ukraine is the central bank of Ukraine. Its headquarters building, constructed between 1902 and 1934, is located at no. 9 Institutska St., in Kiev-History:...

 (NBU) According to Stelmakh, one of the main initiators of his resignation was the then Prime Minister of Ukraine

Prime Minister of Ukraine

The Prime Minister of Ukraine is Ukraine's head of government presiding over the Cabinet of Ministers of Ukraine, which is the highest body of the executive branch of the Ukrainian government....

 Anatoliy Kinakh

Anatoliy Kinakh

Anatoliy Kyrylovych Kinakh is a Ukrainian politician and honorary professor at the Mykolaiv Government Humanitarian University. Kinakh is a People's Deputy of Ukraine in the 6th convocation of the Verkhovna Rada, the Ukrainian parliament...

 who wanted to cover the lack of revenue to the State budget-2002 by printing more money. As head of the NBU he stated he was categorically against such a step, because it was fraught with a jump in inflation

Inflation

In economics, inflation is a rise in the general level of prices of goods and services in an economy over a period of time.When the general price level rises, each unit of currency buys fewer goods and services. Consequently, inflation also reflects an erosion in the purchasing power of money – a...

.

On December 16, 2004 Stelmakh was again appointed the Governor of the NBU

During the 2007 Ukrainian parliamentary election

Ukrainian parliamentary election, 2007

Early parliamentary elections in Ukraine took place on 30 September 2007. The date of the election was determined following agreement between the President Viktor Yushchenko, the Prime Minister Viktor Yanukovych and the Chairman of the Verkhovna Rada Oleksandr Moroz on 27 May 2007, in an attempt...

 Stelmakh was placed number 28 on the electionlist of Our Ukraine–People's Self-Defense Bloc. However, Stelmakh refused the deputy mandate in favor of his post at the NBU.