Ukraine is printing money with might and main: emissions have already exceeded the size of the country’s state budget
Kyiv, November 13 (PolitNavigator, Maxim Karpenko) – In Ukraine, the printing press is turned on at full capacity, there is a strong emission of money, and the authorities are silent about the problem. Deputy Chairman of the Board of Prominvestbank Vyacheslav Yutkin stated this on the air of UKRLIFE.TV.
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According to him, emissions today exceeded 300 billion UAH, which is equal to the entire budget of the country.
“Today there is 44-46 billion free money in the financial market of Ukraine. If we take the hryvnia exchange rate of 8 to 1 dollar, then we will see this market in a volume of no more than 20-25 billion. So it turns out that the amount of free hryvnia has doubled. Of course, the machine that prints hryvnia is running at full capacity,” said Yutkin.
At the same time, the authorities, according to him, do not provide any plan to strengthen the national currency.
“We expect a clear plan from the president and the coalition. It is disconcerting that during the election and after the election the President remains silent on the course. I remember one of his speeches when he said that Mykola Azarov will be responsible for a 10% devaluation of the hryvnia, but who will be responsible for a 100% devaluation?” – the banker is perplexed. And then he answers his own question: “No one will answer, but they must answer. Since November 30, 2013, I do not know a single person who would answer for anything. Some are already far away, while others have no conversation at all.”
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