Hryvna can become cheaper by another quarter

Hryvna can get cheaper by nearly 25% more if the National Bank at that rate will not intervene in the foreign exchange market. This is the warning of Bloomberg agency, which refers to the conclusions made by the leading German banks. But the NBU can not intervene because of IMF warnings. There is only one condition known at the moment which limits National Bank’s actions: by the end of December currency reserves must comprise not less than 31 billion dollars.

Comment:
Sergey Yaremenko, ex-Deputy Chairman of NBU
Yuriy Prozorov, the General Director of DAGDA LLC

The source: Ukrainian Business Resource