Volodymyr Stelmakh

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Volodymyr Stelmakh
Володимир Стельмах
Stelmakh in 2009
Governor of the National Bank of Ukraine
In office 16 December 2004 – 23 December 2010
President	Leonid Kuchma Viktor Yushchenko Viktor Yanukovych
Preceded by	Serhiy Tihipko
Succeeded by	Serhiy Arbuzov
In office 21 January 2000 – 17 December 2002
President	Leonid Kuchma
Preceded by	Viktor Yushchenko
Succeeded by	Serhiy Tihipko
Personal details
Born	(1939-01-18) 18 January 1939 (age 85)[1] Oleksandrivka, Ukrainian SSR, Soviet Union (now Ukraine)[1]
Awards	Hero of Ukraine
Signature

Volodymyr Semenovych Stelmakh (Ukrainian: Володи́мир Семе́нович Сте́льмах; born 18 January 1939) is a Ukrainian banker, economist, and politician who served as Governor of the National Bank of Ukraine from on two occasions, from 2000 to 2002 and from 2004 to 2010.

In February 2010 he was awarded the Order of Yaroslav the Wise (second degree).^[2]

From January 2000 to January 2003, Stelmakh served his first turn as Governor of the National Bank of Ukraine (NBU).^[1][3] According to Stelmakh, one of the main initiators of his resignation was Prime Minister Anatoliy Kinakh, who wanted to cover the lack of revenue in the 2002 state budget by printing more money. As head of the NBU, he stated he was categorically against such a step, as it would lead to a rise in inflation.^[1]

On 16 December 2004, Stelmakh was reppointed the Governor of the NBU.^[4]

During the 2007 Ukrainian parliamentary election, Stelmakh was placed number 28 on the electoral list of Our Ukraine–People's Self-Defense Bloc. However, Stelmakh refused the deputy mandate in favor of his post at the NBU.^[1]

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