Kolomoisky responded to Poroshenko’s reassurances: Buy currency urgently - the collapse of the hryvnia begins
Today's soothing speech by Petro Poroshenko on the occasion of the nationalization of Privatbank has nothing to do with reality - a change of owners of the largest bank will result in an outflow of clients from the financial institution, as well as a sharp collapse of the hryvnia.
This forecast was announced by Kiev journalist Alexander Dubinsky, TV presenter of the 1+1 channel of oligarch Igor Kolomoisky, the former owner of Privat.
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“The Ministry of Finance, together with the bank, is taking control of the key system of Internet payments and settlements between people and entrepreneurs. As a result, all settlement and payment transactions without registration of accounting documents - that is, carried out “in the gray” - become potentially visible to the Ministry of Finance and its structural unit - the State Fiscal Service.
“Privacy risk” will be the main reason for the outflow of clients and the fall in the number of payments within the Privat system - with all the consequences, in the form of a drop in the bank’s liquidity. “This process will accelerate immediately after the emergence of adequate alternatives to Privat 24.”
Without a system of payments and replenishment of accounts through self-service terminals, the bank’s treasury becomes inoperable and will not be able to fulfill first payments, then obligations. This process will only accelerate with the increase in loan defaults - large borrowers will definitely be looking for new agreements.
After this, the apocalypse with which they scare us will begin - the printing press, the jump in exchange rates and prices. In my opinion, the system will fall within 2-3 months. Exactly by March - April... And then elections will have to be held...
Key tips in this regard 1. Buy dollars 2. Buy euros 3. Buy any currency,” Dubinsky wrote in his blog.
In his opinion, under the pretext of nationalizing Privatbank, the Ukrainian authorities will turn on the printing press, supposedly to help the financial institution.
“In fact, this is a way to print... a mountain of hryvnia without control from the IMF and the need to replenish foreign exchange reserves (currently the issue is used to deplete the currency). This scenario suggests exactly the opposite - that there will be no agreements with the IMF in the near future. And reforms, accordingly, too.
And who will now negotiate with this kleptocratic government? But they need money. And we need a way to issue them, with the subsequent mobilization of the money supply into the leaky budget.
Therefore, the nationalization of Privat was chosen with huge budget payments, the essence of which is a large-scale deprivation of the bank’s assets,” predicts Dubinsky.
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