Exchange rate: the expert told whether the situation at the front affects the dollar and the hryvnia

04 August 2022, 12:19 | Economy
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Military policy during a war is part of economic or monetary policy. This was stated by Advisor to the Head of the Office of the President, President of the Kyiv School of Economics Tymofiy Mylovanov, commenting on the situation in the economy at the telethon.

“A lot depends on the Armed Forces of Ukraine in the country, because good news from the front, they calm the dollar exchange rate, among other things.. If there is positive news on the fronts, then the course will actually strengthen. If there is positive news on grain exports from Odessa, the rate will increase. If there is no such news, then it will weaken,"

He added that the rise in prices for all groups of goods is a practical reality, because during the war, prices always rise in all countries..

" She's this reality, we don't like it, so this war must be won. But, so that it does not go to the level of hyperinflation. That is, most countries can save themselves from this if they pursue a cautious economic policy,"

He also noted that the most dangerous combination for the economic situation is a vulnerable economy, panic and money printing by the Central Bank..

“Now we need to work very carefully so that this does not turn into a crisis..

What to do is known, we went through this in 2014-2016, there are certain economic recipes and I am sure that they will be made. Also, more and more international aid will gradually arrive.. All this should calm the markets,"

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The National Bank believes that discipline is necessary in the country's foreign exchange market in the conditions of war, as well as compliance with the laws and regulations. This was the main reason why the NBU "




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