The Ministry of Economic Development expects the exchange rate to stabilize in the coming days

30 April 2014 14:11  1467850 068683
The Ministry of Economic Development expects the exchange rate to stabilize in the coming days

The Ministry of Economic Development and Trade expects the exchange rate to stabilize in the coming days.

This was announced by the first deputy Minister Anatoliy Maksyuta at the briefing in the Cabinet of Ministers, the UNIAN reported.
"We expect the exchange rate situation to stabilize. As you know, in the coming days, there will be the meeting of the Board of the International Monetary Fund, where, hopefully, the issue of the credit for Ukraine will be discussed and resolved positively", - Maksyuta said.

The official said that according to estimates of the Ministry, it will lead to the stabilization of the foreign exchange market.
"And we'll have those targets that were established by the National Bank during our joint work on the forecast for this year," - Maksyuta said.

He also said that currency depreciation has affected consumer prices, and noted that consumer inflation in January- March this year accelerated to 3%.

However, Maksyuta said that exchange rate fluctuations had a positive effect on the trade balance of Ukraine due to reduced imports and growth of exporters’ revenues that helps to equalize the trade balance.

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