Ukraine is being hit by an inflationary tsunami
The printing press, turned on after the nationalization of Privatbank, has already thrown more than 100 billion hryvnia onto the Ukrainian market. Deputy Alexander Vilkul stated this at a briefing in the Verkhovna Rada.
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According to the politician, this is a seventh of the country’s budget and the appearance of such an amount in circulation means severe inflation.
“Money must be backed by real goods. The same nationalization of Privatbank - in fact, 110 billion hryvnia have already been printed. With a national budget of 730 billion, this is a huge figure that will put pressure on inflation,” Vilkul warned.
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