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 Ukrainian Politics, Economics
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 It is Just the Beginning of the Hryvnia’s Decline. Soon the Dollar will Cost 10.5, - Head of the Bank Association

The hryvnia relapsed because the government was artificially maintaining its rate before the elections while not encouraging bank loans. And this has led to a currency imbalance in the bank market.

The chairman ofthe Bank Association Oleksandr Sugoniako predicts that the declineof the national currency is only beginning and soon the dollar willcost 10.5 hryvnia, reports Glavkom.

"It was a strategicmistake. The political, current strategic tasks of the electioncampaign were set higher than the task of economical development ofthe country. And they suppressed crediting. They decreased themoney quantity. They artificially maintained the exchange rate. Andtoday we are reaping the fruits. We can expect 30% devaluation. Butwhen will that happen and will it be 30% or may be more - it alldepends on internal (circumstances) as well as external", saidSugoniako.

Источник: https://en.censor.net.ua/n216536
 
 
 
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