The economy becomes more and e here e po special control as far as i understand that banks could somehow balance their reserves and their reserves and if suddenly i change their mind and want to withdraw that deposit, the bank must have the necessary amount of funds. Definitely another way to even create money is to issue by a loan bank in order to issue a loan , technically the bank does not need money to come to it on a specific day. To another bank and , for example, to pay salaries to employees, and this includes money brought in by individuals brought by other companies in the form of their deposits, what happens if the bank does not properly form these reserves and makes a mistake and issues them loans are more than he actually has working capital in his accounts , and when his borrower thinks that he has, for example , borrowed a hundred thousand dollars, he comes to the bank. You give me 100,000, but the bank does not actually have this physical money, i only have records on his accounts then the bankruptcy of the bank on the turnpike or if it happens , well, there are different situations, if you really want to take a large amount of dollars from some small branch, then there simply may not be any of them physically. This does not mean that everything is bad with the bank, its just that they also cant keep large sums of money in each branch, because its difficult to predict where and who will come, what youre talking about is probably about a more systemic problem. When people come to all branches at the same time and want to withdraw funds and er, there are no such funds here, there is no such situation that the bank made a mistake and somewhere did not create reserves such as prescribed by the regulator it is difficult to imagine , there are simply crises that are more than the bank can withstand, but recently we spoke in in the United States of america, people did not even come and started withdrawing money online from the bank of silicon valley, and it simply could not withstand such an influx. Even the best bank, if half of its customers come to it at the same time and want to take their money from the bank somewhere, it cannot be sustained. We must to understand that this is not the problem of the bank or the Banking System itself, but crises are too big to deal with, so such a phenomenon is called a bank run. As far as i know , when people actually run. Branch in order to collect their funds, sometimes this happened in ukraine and then the state comes to the rescue. It can act in different ways. It can either lend money to the same bank so that it can pay these funds, or it can temporarily introduce a moratorium. We know that during the orange revolution there was a shortterm moratorium on the payment of deposits, or he or he can declare the bank insolvent and pay some sums to the banks clients and guaranteed contributions there is such a fund for guaranteeing deposits of individuals as far as i remember, 600,000 hryvnias are paid now or some other bag during martial law, the state guarantees all 100 of deposits, regardless of whether you have 600,000 million 2 million, all funds are paid so that in this difficult time for the country there will be no similar th kind of outflows from the Banking System so that we do not have one more problem to burden all those that exist, that is why such a situation allows us to avoid the events of banks and checks near the branch, and when after the victory, this act will continue to operate for three more months this is a conscientious guarantee. Nothing, we will go to uah 600,000. Well, actually, we got to the question. And who controls the work of the banks so that they behave honestly . Suddenly it seems to me that my bank is deceiving me, well, it happens differently in Different Countries , for example, in ukraine there is a system that is close to a megaregulator, when the National Bank of ukraine controls the immunity policy , controls the supervision of banks, controls the supervision of nonbanking financial structures from of Insurance Companies to exchangers, respectively, all complaints in us are almost entirely directed to the National Bank of ukraine as a kind of megaregulator in other countries, for example, in poland , the functions are divided, and in countries that have the euro in them, the central bank does not engage in Monetary Policy because they have delegated their powers to the paneuropean level. There is a central bank someday in the future ukraine may also come to this situation, but now there is the National Bank as a megaregulator as far as i want to keep a new term has arisen in us Monetary Policy in our conversation. I think that not all viewers understand what we are talking about, but from your words i conclude that it is something about the currency in ukraine, the hryvnia, and that is why our central bank, the National Bank , also regulates how the hryvnia behaves. But in poland, zloty in poland. But in other countries of the european union, where the euro is used, they transferred this function to brussels, where the office of the European Central bank of the European Central bank is located. It is the same in ukraine and in poland. Central banks National Bank in ukraine, this is our own name, the central bank is a common name , for example, in poland , the central bank is also engaged in the establishment of Interest Rates in the economy. Our neighbor in slovakia introduced the euro a few years ago and , accordingly, their central bank there is a little more limited in what functions it performs , in many respects, they come down to er statistics of monitoring what trends are happening in the economy and similar things, they transferred part of their functions to frankfurt and the central bank. So, we understood that ukrainian counterbanks. The National Bank of ukraine is a rather powerful institution, it is such a megaregulator that controls not only the activities of banks, but also the activities of financial Insurance Companies companies such as pawnshops, for example, or credit unions, and it is also responsible for the stability of the National Currency and actually determines the value of money in the economy. This is the selfaccounting rate of the central bank it how much is a loan for a commercial bank of an ordinary bank that wants, for example, to receive money from the central bank, and such a megaregulator looks like a rather powerful and powerful institution, and there is a fear that such a megaregulator can influence state policy on the entire economy of the entire country. Who controls the turn of the central bank well, actually, the National Bank is a very powerful and important player in the economy of ukraine, and there is such a thing called the independence of the National Bank, which prescribed at the legislative level, which is realized in how difficult it is to dismiss the head of the National Bank, very, very good reasons are needed for this, it cannot be a political decision, which is simply under the influence of some wishes, for example, the deputies, so the president offers the parliament a candidacy, a program where there is uh he agrees, but then it is quite difficult to release him, and this is done so that the central bank does not act on the agreement for some momentary political interests. Well, to put it simply , before the elections, he did not print money for so that they were distributed and pursued a more balanced policy. If we talk about the control of the bank, e. E. , the central bank, there are certain laws that can do and cannot do, but in many ways it remains on the conscience of those people who manage the National Bank, as well as the function of the regulator of such supervision is transparency. The National Bank publishes a large array of data every day and all interested parties can see whether the National Bank prints money or prints what is happening in other countries for its activities and in principle this kind of symbiosis of these things gives you confidence that the National Bank is conducting its policy correctly or incorrectly if you see from the numbers whether something went wrong well, you said that there is always a government and officials there is such a temptation to press a little to the National Bank in order for it to print money, for example, before elections or, for example, when there is no crisis in the economy and we really need money in order to pay the salaries of state employees. We remember that there was such a situation in ukraine in the 90s, and then the central bank was even on its own according to the laws that were in force at that time, it was dependent on the government and the government could legitimately put pressure on the central bank, and then how it all ended, we also remember hyperinflation, prices rose almost every day and no one felt good about it now we can observe something similar in turkey. As far as i understand, is there smuggling independent . Well, in turkey , elections were held there and the head of the central bank was changed, which began to implement a slightly different policy, and we will see what actually happens. This story is only in development. As for ukraine, you can recall not only the years 20102013, but also the year 20102013, and in general, this kind of printing hidden money money by the National Bank of ukraine, it ended somewhere around the turn of 1516 years after that in our policy was quite balanced and there was no need for a friends money, but until the russians invaded our country, and nevertheless, even after the twentysecond year , a difficult year after a friend, about 400 billion hryvnias , now that the situation has stabilized the National Bank of funds does not print in this way and, in principle, only has reserved the right to print if the situation is really bad , but so far such a situation has not occurred and i hope it will not occur in the future. I hope that we have literally a few left. Minutes i would like to ask about such a futuristic thing as Digital Currencies , e. E. , contrabanks, there was once a conversation about a digital hryvnia. And is it something similar to cryptocurrencies . Is it something completely different . That these are some conspiracy theories, conspiracy theories are spread really a lot, returning to our example of the paper hryvnia and the electronic hryvnia, this ee hryvnia was issued by a ee commercial bank whose client is, as for the ee electronic hryvnia you are talking about, this is a way to replace this paper hryvnia paper for eeecash, which, for example, will be issued by the same National Bank of ukraine. There are a lot of arguments for, first of all, this is an opportunity. Well, first of all, i will not worry at all about these funds, since the bank may collapse and the National Bank is the issuer of the hryvnia. The National Bank can better influence the level of Interest Rates in the economy if it offers certain ee interest on these funds for some kind of deposits, and do you remember that before the war there was a big e this one thousand that could be spent on books and on air flights within the country in order to stimulate support with funds , it will be possible to program them to spend in a certain method for example, if you receive unemployment benefits, you cannot buy cigarettes or alcohol with it, that is, the benefits are there , but just as bad, governments can monitor you because cash transactions are plus or minus anonymous. We need to think in advance whether we are ready to use such nonanonymous digital money, which , moreover, may be limited in its use. Thank you, mr. Mykhailik, for explaining how the ukrainian Banking System works, yes in general, Banking Systems all over the world, but demky, a financial analyst of the icu investment group, was on the air of the espresso tv channel. I will say goodbye to you until tomorrow at 8 10 a. M. We will talk. Savings. What do you think about lacalut fix . It fixes me reliably. My dentist advised me to do so and food particles do not get under the prosthesis. The price is good. The right choice for my pension. New cream for extrastrong fixation of dentures and healthy gums. So your choice is fix meet the new good Value Package 70 grams twisted the back noticed the rapid burning gel and cures the pain of pain in the back and joints flamidez every day every hour every minute we get a lot of information even expectations that the event of the year what is actually happening at the front what are the losses of personnel and equipment on on the battlefield, how does the International Community evaluate our successes and what is moscow lying about from the stream of news coming from everywhere, we separate the most important ones from closely monitoring whether there will be weapons for ukraine and what and what they are whispering about russian occupiers behind the backs of the commanders news summary of the week this is a review of only important events, events of the weight of credibility this is analytics, fact checking, professional comments about this , much more today, about important things in simple language, available to all viewers. Welcome to the news. Summary of the week, every saturday at 9 00 p. M. Of the week in the judicial control program with tetyana shustrova, the bribe of the head of the state judicial administration, two and a half thousand dollars, salnikov should have kept for himself for Intermediary Services and how salnikov managed to privatize the official housing, the documents provided to us testify to his stable financial condition, watch the judicial control program with tetyana shustrova on the espresso tv channel on august 410 at 5 45 p. M. The war continues and not only for territories, it is also a war for umy russia is throwing millions of naftodors to transform of ukrainians in malorossi ukraine the state of the highway analysis and analysis of information about ukraine by russian propagandists specific facts and methods by which enemy propaganda turns people into obedient zombies plans to unite vote residents of the ldr lets counter the information attacks of the russians in the project of the chronicle of the information war with olga len tuesday thursday friday at 17 10 on the espresso tv channel Mykola VeresenVitaly Portnikov and the main topics of the week if it will be used against ukraine god forbid really Tactical Nuclear weapons are definitely will change the world stories , problems, analysis and personalities, we are waiting for john gerbs, the former ambassador to the United States in ukraine thank you for the transformation, you have questions, you will get answers, so questions are waiting how should you analyze the athletes of september that on friday at 21 15 on espresso a Big Broadcast of vasyl winter two hours of air time two hours of your time two hours to learn about the war and how the world lives 2 hours to be aware of Economic News and new sports two hours in the company of favorite presenters, presenters who have become likeminded to many, as well as distinguished guests of the studio, events of the day in two hours , vasyl zimis Big Broadcast, a project for smart and caring people, in the evening, nayspresso, watch this Weeks Program and collaborators who stole the red carpet to the occupiers in oleshkas is returned only in the form of ukrainian spillage and how the sellers took ukrainian children to russia clearly say большое спасибо to leonid eduardovych from slutsk, the line of the ldpr party, the country should know its traitors to their faces, thats why every week we name the names of those who work for the kremlin, this is a program of collaborators and im olena kononenko, let me bring you a new batch of adjusters, this city of oleshka in the kherson region had the name tsyurupinsk until the 16th year. But after decommunization, it was given back the historical name oleshka a unique geographical location, the largest desert in europe is located nearby, a unique manmade forest and a whole series of iodine lakes, this is an ancient city with an amazing history, a unique nature and the cossack spirit, at the beginning of the 18th century , oleshkivska sich was located here, but on the mighty cossack land, the dirty boot of the rashists stepped on it from february 24, 22 year, the city was under constant shelling and later occupied when the russian army blew up the kakhovsky hydroelectric power station, the city was almost completely flooded. Unfortunately, the waters of the dnieper did not take away those traitors and accomplices which at the beginning of the occupation was plagued by new enemies, this zhuravka georgy volodymyrovych was born in the Mykolaiv Region in 1959. He is the founder and head of several public sports clubs of martial arts jiujitsu sambo and judo and the District Federation of sambo and judo. In the 19th year, he regularly nominated his candidacy in local elections , and in the 19th year, in the 19th year, on the parliamentary boards of programs such as the elimination of monopoly and the formation of a competitive environment, as economists as a producer, we always talked a lot about the need to make equal conditions for s