In the conditions of entering a new political cycle after March 2019 – the exchange rate may be to unwind.
This was during a press conference in the information Agency “ГолосUA” said Executive Director of the International Fund blazer Oleg Ustenko.
To keep the dollar after March 2019 at “30+” will be virtually impossible, the economist said.
If we analyze exchange rate issues, there are a number of risk areas, said O. Ustenko.
“The great value has the factor of foreign exchange reserves (GCR). 5 months in a row, the gold reserves in Ukraine decreased. However, the situation has stabilized, when the gold reserves were increased due to the placement of USD 2 billion Eurobonds. However, the cost of borrowing was dramatically high,” – said the expert.
O. Ustenko emphasized that Ukraine has attracted superexpensive credits. A few months 17% per annum earned on them speculators. It is prohibitively expensive for a country like Ukraine. Although this step was a logical and expected. Due to the expensive borrowing, the country’s foreign reserves were replenished. Starred question what will happen with the rate until the end of the year. Rate until the end of March will try to keep.
“In the conditions of entering a new political cycle, the exchange rate may be to unwind. Risks to the exchange rate quite a lot, since the rate is the indicator of all, first and foremost, how serious will be the political desbalanceada in the country”, – concluded the economist.