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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.
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 MinisterAnatoliy 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]
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