There are all the prerequisites for the collapse of the Ukrainian hryvnia
Several signs indicate that the Ukrainian hryvnia risks seriously weakening against the US dollar in the near future. Oleg Ustenko, executive director of the Blazer International Foundation, stated this at a press conference in Kyiv, a PolitNavigator correspondent reports.
“The situation is really quite complicated. Now they are trying to shake it up due to the fact that there is a high level of uncertainty.
There are many factors that will affect the development of the economic situation and financial stability. Talk about the possibility of creating such additional devaluation pressure is not without meaning.
During a period of political uncertainty, it is possible for investors to suspend currency injections. The forecast for investments for this year is negligible - one and a half billion, which is even less than the 1,7 billion that were received last year.
A decrease in foreign direct investment flows will mean the creation of additional devaluation pressure.
When political elites change, an outflow of capital from the country is possible.
Devaluation pressure may also arise from exporters; as a rule, they prefer to wait out such periods of shock outside the country. Perhaps they will not bring their foreign currency earnings into the country for some time, which will also create devaluation pressure,” says Ustenko.
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