13:16 18.10.2018

Ukraine could enter 2019 with stable situation on currency market after getting IMF's tranche – NBU Council head

2 min read
Ukraine could enter 2019 with stable situation on currency market after getting IMF's tranche – NBU Council head

Ukraine could enter next year with a stable situation on the currency market, if the country manages to receive a tranche of the Extended Fund Facility (EFF) from the International Monetary Fund (IMF), as well as avoid the expansion of state expenses in December, if there were no shocks on the global financial and energy markets, Head of the Council of the National Bank of Ukraine (NBU) Bohdan Danylyshyn has said.

"I will summarize. The first is that the hryvnia exchange rate fluctuations that we are seeing this year are not as great as they are with the currencies of many developing countries. Second, I think the seasonal weakening of the hryvnia in 2018 shifted from the typical period September-October to "July-September" and its potential is probably exhausted. Thirdly, I consider the effect of factors that can positively and negatively affect the hryvnia exchange rate by the end of this year, in general, will be mutually compensated. And if we can get a tranche of the IMF loan, avoid the expansion of the government spending in December, and in the absence of shocks in the global financial and energy markets, next year we can come to a stable situation on the currency market," Danylyshyn wrote on his Facebook page.

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