The depreciation of the hryvnia is inevitable – experts

21 April 2012 17:09  44110339 010660
The depreciation of the hryvnia is inevitable – experts

Stock Market participants assume that 5-20% hryvnia devaluation will  be held after the elections to Verkhovna Rada. They came to such conclusion during the 8th Ukrainian Bond Congress, informs Obozrevatel.

The VTB Bank analyst Mykyta Mykhailychenko believes that the devaluation will be rapid and reach 20%.

The expert also assumes that risky measures of the Ministry of Finance will accelerate the devaluation processes, destabilizing the stock market.

Board Member of the PFTS Stock Exchange Igor Seletskyy also assuming the hryvnia depreciation, but he does not risk to determine its possible level. All these processes may activate the currency transition on the stock market, summarizes the expert.

The Head of Analytical Department of the Investment Group ‘TASK’ Andrei Shevchyshyn believes that the possibility of exchange rate maintenance of national currency exists with a maximum deviation to

8, 30 UAN/USD.  

Tags: exchange rate, hryvnia, elections

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