How to save your savings?
In a article titled Hryvnia vs. NBU...
In a article titled Hryvnia vs. NBU, Weekly.UA compiled a rating of investment instruments takings into account people’s incomes and the nuances and risks when and if the economy is on the verge of collapse, according to Kyiv Weekly.
While NBU officials are trying to convince people of the bright future the country’s national currency, the most probable scenario of is that the currency will dive only at the end of 2012. “Over three years after the hryvnia shrank from 4.85 to 8/US $, the economy had exhausted its competitiveness potential and requires a new wave of devaluation,” says Assistant Manager of Investment and Pension Funds at Kinto Mykola Myahkiy.
The majority of financial analysts agree that that hryvnia will be held at US $ 8 no matter what for the sake of smoothly holding EURO 2012 and then – apre mois le deluge. In order to not spread panic the NBU banned any public announcements about the exchange rate of the hryvnia if they are not substantiated by economic calculations and is rumored to draft a corresponding bill. The logic of the ban is to prevent a bank run may end up in a collapse of the national currency.
The weekly gives a profound analysis and recommendations as regards to how and where rank and file Ukrainian shall keep their savings - US dollars, euro, hryvnia, government bonds, gold. How much and on what can one earn or lose?