The collapse of the Ukrainian currency continues: The dollar exchange rate exceeded 11 UAH
Kyiv, April 02 (Vladimir Raichenko) – The collapse of the Ukrainian currency continues: the US dollar exchange rate today exceeded 11 hryvnia, reports the Navigator correspondent.
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Representative of the ruling coalition Pavel Rozenko (UDAR) says that the current devaluation of the national currency is a consequence of the ill-conceived policy of the previous government, which previously artificially restrained the exchange rate of the hryvnia.
“When there were resources, it was possible to restrain the course,” the shock people’s deputy commented to Navigator on the situation with the hryvnia. – But when the gold and foreign exchange reserves were depleted and there was nothing left to throw into the firebox, the hryvnia began to collapse accordingly. In other words, from a hidden form, the devaluation simply moved into the open phase. Today, it is not possible to replenish gold and foreign exchange reserves with a virtually non-functioning economy. In the short term, the situation will stabilize only after the first tranche from the IMF goes to Ukraine, which, I believe, can be expected in May.”
At the same time, Pavel Rozenko believes that we should no longer expect too sharp fluctuations, and the current exchange rate of the national currency will remain at 11 hryvnia per dollar.
But the representative of the Communist Party in the Verkhovna Rada, Alexander Golub, predicts that the current historical maximum in the fall of the hryvnia is far from the limit, but he blames not only the previous government for this.
“In Ukraine, over the past 20 years, the domestic economy has been purposefully destroyed, the collapse of which, in fact, led to the current result,” noted the communist politician. “Unfortunately, both the previous government and the “orange” government before it primarily relied on the development of speculative financial rather than industrial capital. And all agreements with the IMF have only one task - the protection and salvation of speculative capital. And the second point is that at one time a bet was placed on a total peg of our economy to the dollar, ignoring reliance on our own strengths or at least on alternative bi-currency baskets. Therefore, further devaluation of the national currency is a sad but inevitable prospect.”
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