The hryvnia will continue to fall in 2018
Foreign currency revenues to the budget of Ukraine in 2018 will be even less, and the demand for it will increase, which will lead to a depreciation of the hryvnia. Economist Viktor Skarshevsky stated this at a press conference in Kyiv, a PolitNavigator correspondent reports.
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“There are several points that indicate that next year the rate (dollar) will be higher.
Firstly, this is the foreign economic situation. According to forecasts by the IMF, the World Bank and other analytical centers, prices for metal and ore will decline - both next year and in 2019 - by 5-7%. That is, less currency will enter the country.
In addition, this year the harvest is lower, which means foreign exchange earnings from exports will be lower, and next year less foreign currency will enter the country.
Other sources of income, for example, foreign direct investment, are now practically at zero level, at the level of a billion dollars. They will not increase next year.
Nowadays they often say that Ukraine has slipped into the 90s. Indeed, Ukraine slipped in terms of foreign direct investment in the 90s. Then the investments were also about a billion dollars. This is nothing for a country like Ukraine.
Loans from the IMF and other international organizations will also be at the billion level. That is, there will be no influx of currency either.
That is, there will be less currency on the supply side. But the demand for currency will increase,” the expert said.
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