KIEV Jan 27 Ukrainian President Viktor
Yushchenko said on Tuesday he would ask the constitutional court
to review a parliament resolution that rescinded the appointment
of the central bank chairman.
His political opponent, Prime Minister Yulia Tymoshenko,
said late on Monday she supported the parliament's resolution
and urged Yushchenko to find a new candidate for the post.
The resolution, passed by the narrowest of margins, was the
third attempt to sack Central Bank Chairman Volodymyr Stelmakh.
Tymoshenko and her faction in the chamber blame him for the
sharp fall in the hryvnia currency in late 2008.
"Today, I will send to the constitutional court arguments on
the constitutional and legal basis of the decision taken
yesterday," Yushchenko said in a statement.
Only the president can initiate the dismissal of the central
bank chief, by proposing the motion to parliament for approval.
His office on Monday called parliament's resolution "illegal and
Yushchenko, while lukewarm towards the bank, has rejected
previous calls to dismiss Stelmakh.
The hryvnia began to weaken rapidly in September and by
December lost half of its value against the dollar, as exports
dropped and the financial crisis began to take hold.
After almost daily interventions from the central bank the
hryvnia strengthened from the historic lows of 9.5-10/$ in
December. It was quoted at 8.05-8.15 on Tuesday, little changed