Ukraine's Finance Ministry: 2018 budget based on forex rate set at UAH 29.3 to U.S. dollar

The Ukrainian Finance Ministry has drawn up the national budget for 2018 based on the forex rate of the hryvnia (UAH) set at UAH 29.3 per U.S. dollar, according to the ministry's press service.

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"The budget is based on a rate of UAH 29.3 per U.S. dollar," the report says.

Read alsoWeek’s balance: President's address, preparation for winter, and nervous hryvniaAs UNIAN reported earlier, Ukraine's Cabinet forecast the average weighed forex rate of the hryvnia at UAH 27.8 per U.S. dollar in 2017, UAH 29.3 per U.S. dollar in 2018, UAH 30.5 per U.S. dollar in 2019, and UAH 31 per U.S. dollar in 2020, according to the budget resolution.

At the same time, the government projects a gradual decrease in unemployment in Ukraine: from 9.3% in 2017 to 8.5% in 2020.

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