Hryvnya to be bound simultaneously to several currencies

Channel "24 hours"  30 June 2012 15:11  194015649 016131
Hryvnya to be bound simultaneously to several currencies

In Ukraine, the necessity to change a monetary and exchange rate policy has long been needed. Devaluation expectations in the country are growing, it becomes more and more difficult for National Bank to keep the exchange rate of national currency stable.

The government assures that the hryvnia has to be bound to a multi-currency basket. Among the possible currencies are the dollar, euro, Russian ruble, Polish zloty and the British pound.

Financiers are convinced that it would be beneficial to open the basket for other currencies, because Ukraine is actively trading with the Russian Federation, Europe and Asia.

"Such a situation may happen here. In currency exchange offices it is 8. A settlement rate, for example, is 12. Since it is mathematically calculated, it is real. So at the moment, in terms of calculations, it is an interesting indicator, that can be used for the analysis, but not for real bargains on the market "- explained the president of the Ukrainian Analytical Centre Alexander Okhrimenko.

Tags: National Bank, hryvnya exchange rate

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