Expert forecasts that dollar to be in deficit

14:03, 26 June 2009
976 0

Till the end of summer hryvnya may devaluate relatively main foreign currencies owing to increase of inflation rate in the country. Director of Treasury Department of  “BG Bank” of Ukraine Victor Erasov disclosed this opinion to UNIAN.

At the same time the expert does not rule out a possibility of strengthening of hryvnya till the end of the summer, however, there are factors, which will impede this process.

“From one side regulatory actions of the NBU are directed to stimulate banks to sell currency positions and decrease reserves in foreign currency”, said V. Erasov. According to his opinion, this factor will positively influence currency market.

At the same time he noted that there is such notion as accumulative inflation, which develops swiftly. All that leads to rising in price of fuel and fuels and lubricants. In its turn it leads to rising in price of other goods. “In conditions of inflation growth we can not speak about strengthening of hryvnya”, underlined the expert.

If you see a spelling error on our site, select it and press Ctrl+Enter