The hryvnia threatens to fall to 60 per dollar and above: experts called the conditions

04 September 2022, 17:13 | Economy
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Ukraine will experience serious problems in the foreign exchange market, burning its reserves, if the volume of international financial assistance is not increased in the near future. Andrey Shevchishin, head of the analytical department of Libertex Group, told Apostrophe about this..

" If negative trends continue, the exchange rate (in 2023) may go up to 60 hryvnia / dollar and even higher,"

The analyst added that his forecast is pessimistic and realistic, but it is not aimed at provoking panic in society..

According to him, the $3 billion announced by the United States on Ukraine's Independence Day was a positive moment, but this amount is not enough to strengthen the Ukrainian budget..

At the same time, Maxim Oryshchak, an analyst at the Center for Exchange Technologies (CBT), noted that in the current situation, macro indicators are very conditional and it is difficult to predict what will happen to the dollar even in 2023..

" The same applies to all other macroeconomic indicators,"

The analyst believes that in 2022 one should not expect a jump in the dollar exchange rate in Ukraine even up to 42 hryvnias. According to Oryschak, the National Bank is currently focusing its efforts on curbing devaluation, which is why there is no longer a high demand for currency from business and the population..

The expert is sure that if the full-scale war stops, and the Cabinet of Ministers takes a course towards restoring and stabilizing the economy, the dollar will not rise to the level of 50 UAH/$.



“But, if the war is not ended, default is not allowed to come, then at the time of payments on international loans, which are possible by attracting new loans, or at the expense of gold and foreign exchange reserves, we will observe devaluation jumps with an eye on 50 hryvnia per dollar and.

Recall that the Ministry of Finance, which is working on the draft state budget for next year, does not name what hryvnia exchange rate will be included in it, but they say that shocks are not planned..

At the same time, according to the macroeconomic forecast of the Cabinet of Ministers of Ukraine, in 2023 the US dollar exchange rate may reach UAH 50.. This is reported by the media with links to sources in the government..




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