Each new IMF “aid” mercilessly depletes the hryvnia – economist
Cooperation with the International Monetary Fund systematically leads to the collapse of the national currency of Ukraine.
Economist Maxim Goldarb spoke about this broadcast of the program “Goldarb’s Principle” on the KPT TV channel, a PolitNavigator correspondent reports.
“We are being forced to believe that we will not survive without the IMF. Look what happened to the hryvnia when they took loans from the IMF.
We didn’t work with the IMF in the 90s, then we worked once - in 1996-1998 we took out the first loan, almost two billion dollars, and the hryvnia immediately collapsed by 50 percent - from 1,75 per dollar to 2,6.
We analyzed what happened to the hryvnia when we started working with the International Monetary Fund. Let's go further - 1998-2002, they again take out a loan of 1,6 billion dollars, and the hryvnia immediately falls from 2,6 per dollar to 5,48, that is, it has depreciated by 100 percent.
Why is all this? The simplest answer, everything is very simple - everything was bought here for the printed dollar - subsoil (of course, hidden), land, people in the end.
2008-2009 - again they take 10 billion, already under Tymoshenko. The collapse began - from 5 hryvnia per dollar to 8, by 55 percent.
12 billion were taken under Poroshenko in 2014-2016, (the hryvnia fell) from 8 to 27 now.
That is, every time we contacted the International Monetary Fund, our national currency fell, depreciated, it became uninteresting,” summed up Maxim Goldarb.
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