Head of the Association of Ukrainian Banks Oleksandr Sugoniako commented to Censor.NET on the statement of the NBU Council Chairman Ihor Prasolov in which he urged Ukrainians to sell dollars and keep deposits in the national currency.
"We need to find out what currency does Mr. Prasolov keep his savings in," said Sugoniako. "These statements have started appearing because the country needs dollars. Now the balance of payments is exactly the same as in 2008. All balances are negative. And we lack dollars. We spent too much foreign exchange reserves, almost the same as during the 2008 crisis."
The expert also answered the question of whether there is an economic crisis in Ukraine: "Of course, there is. And they do not want to admit it. The production is declining, and it is probable that we will not even have a 3% GDP growth. It would be very nice if the GDP is at least 0% - still better than negative. In addition, the budget deficit will be 2.6 times larger. Meager budget revenues plus problems with debt servicing, and there is simply lack of money," says Sugoniako. "But lies cannot help to get out of the crisis. This is a systemic disease. These statements can fool some naive people but the crisis and the economy cannot be fooled."