Finance

Exchange rate

NBU says hryvnia weakening is short-term

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NBU says hryvnia weakening is short-term
Photo: Ivan Chernichkin

There are no macroeconomic reasons for significant exchange rate fluctuations, and the current pressure on hryvnia is determined by the reaction of the economic agents to the military conflict in Donbas, informed the press service of the National Bank of Ukraine.

“This is temporarily, because the external position of the country greatly improved,” said the press service.

The deficit of the Ukrainian current account, which is the most stable part of balance of payments, decreased to US $1.9 bn in H1 compared with US $5.4 bn during the same period the previous year, according to the press service.

In addition, the regulator noted that the country is receiving the considerable volumes of external financing from the official sources during the last months.

“In particular, we are expecting financing in the amount of US $500 mn from the World Bank and US $1.45 bn from the IMF this month. In June the inflow of direct foreign investments will be renewed,” informed the NBU.

Comments (2)
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Олексій Приймак 11 August 2014, 19:06

Да, ослабление гривны действительно, только вот скоро гривна будет еще слабее и слабее, пока власть наконец не послушает коммуняк и не начнет поднимать экономику в стране.

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Он Точный 12 August 2014, 19:12

Кого слушать!? Они их выгнали! Шоколадный зайка ведь знает что делает...он и приведет "Великую Окраину" к бездне...бездне войны, развала страны, нищеты и голода!

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