The collapse of the hryvnia deprives Ukraine of its last source of foreign exchange earnings
Kyiv, February 25 (PolitNavigator, Maxim Karpenko) – Due to the colossal increase in the dollar exchange rate against the hryvnia, the Ukrainian economy has virtually stopped. People's Deputy of Ukraine Vadim Denisenko stated this at a press conference in Kyiv.
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According to him, if the collapse of the hryvnia is not stopped, then the sowing campaign will be in jeopardy.
“You need to understand that at an exchange rate of 20, the economy almost stopped, and at an exchange rate of 30, the economy stopped. That is, as of today, with this course and the absolute reluctance of any branch of government to make reforms, the situation is leading to an absolute collapse of the economy and, if we are talking about the future, about the end of 2015, then even the sowing season is on the verge of failure. Because with an exchange rate of 30, it is impossible to engage in sowing, and this is the largest foreign exchange earnings until the end of 2015,” Denisenko said.
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