The NBU is lying again: “The exchange rate will fluctuate, but this does not mean devaluation”
Kyiv, December 12 (PolitNavigator, Alexander Semenyuta) - “The main forecast for 2015 is that the exchange rate will fluctuate, but this does not mean devaluation, and therefore the risk of changes in exchange rates needs to be hedged,” said Sergei, head of the department of foreign exchange transactions and analysis of financial markets of the National Bank Ponomarenko.
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The representative of the National Bank recalled that the main factors in the formation of the hryvnia exchange rate to foreign currencies in 2014 were economic imbalances accumulated over previous years, unfavorable external conditions, a trade war with Russia, the destruction of production capacities and trade relations due to external aggression, as well as psychological factors.
After the NBU announced the transition to flexible exchange rate setting in the foreign exchange market, since the beginning of the year, the hryvnia has depreciated against the US dollar at the official rate by almost 2 times, to 15,65 UAH/USD. from 7,99 UAH/USD
As PolitNavigator reported, The NBU allowed territorial departments and banks to spoil banknotes if they are in danger, and the currency and valuables cannot be taken out.
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