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 Cabinet forecasts hryvnia exchange rate for three years

Cabinet of Ministers of Ukraine forecasts average exchange rate for hryvnia at 27.2 UAH/USD for 2017, and at 27.8-28.1 UAH/USD for 2018-2019.

As reported by Censor.NET citing UNIAN, this is stated in the draft budget law approved by the government and published on the official website of the Finance Ministry of Ukraine.

"The draft budget for 2017 includes approximate forecast macroeconomic indicators of economic and social development of Ukraine in 2018 and 2019 that will allow providing for balance and stability of the budget system in the mid-run," the explanatory note to the document reads.

Read more: State budget revenue performance exceeded 12 billion hryvnia as of end May, - Nasirov

Earlier, the official rate of UAH as set by the National Bank of Ukraine dropped lower than 25 UAH/USD for the last time on Jan. 28, 2016. A historical low exchange rate of Ukrainian hryvnia was recorded on Feb. 26, 2015, at the level of 30.0102 UAH/USD by the National Bank of Ukraine.
 
 
 
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