He also successfully overcame a debilitating wave of hyper-inflation that hit the country—he brought inflation down from more than 10,000 percent to less than 10 percent—and managed to defend the value of the currency following the 1998 Russian financial crisis.
Također je uspješno popravio krizu velikog duga i inflacije koji su pogodili Ukrajinu, inflaciju je sa 10,000% pomakao na samo 10%, uspio je sačuvati vrijednost ukrajinske valute 1998. godine.