The economist explained the causes of currency devaluation

Экономист объяснил причины девальвации национальной валюты

Yet at the moment we are seeing a devaluation of the national currency after several days of break.

Comments about this correspondent of ГолосUA said the President of the Ukrainian analytical center Alexander Okhrimenko.

“This is due to the fact that the NBU is again buying the currency and the Finance Ministry is likely to back out of auctions on placing of currency bonds” – said the economist.

A. Okhrimenko also noted that to date, the Ministry of Finance and the government actually took action using internal resources to repay external debts.

“This process “pushes” the devaluation in the near future revaluations are to be expected,” – said the expert.

The analyst said that he expected the pause, when the Ministry of Finance will buy the currency. But for now, this pause is not.

“It’s the middle of August, and the autumn demand for currency, the more will increase. So there’s nothing left but to get used to a new course,” – summed up Alexander Okhrimenko.

We will remind that today the national Bank of Ukraine set the official hryvnia exchange rate at the level of 27.11 hryvnia per dollar.

Also, according to information provided by the national Bank of Ukraine, the main currency exchange rates on 11 Aug established at this level: 27.111393 UAH per dollar, 31.430238 UAH per EUR UAH per 0.409010 and the Russian ruble.

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