There is a month left before the start of a new crisis in Ukraine
In September, the National Bank of Ukraine will depreciate the hryvnia, leading to further fuel price increases. This forecast was made by energy market expert Gennady Ryabtsev at a press conference in Kyiv, reports PolitNavigator.
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“As for the hryvnia exchange rate, it is clear to everyone: if the budget was drawn up with an average rate of 29,2, this means that in order to meet the revenue side of the budget it is necessary to devalue the national currency.
This automatically means that 2 weeks after the NBU reduces the hryvnia exchange rate, or it does not resist the fact that commercial banks will reduce the hryvnia exchange rate, all prices at gas stations will go up.
And this (rate depreciation) traditionally occurs in the fall. If you trace exactly when the crises occurred over the last period, you will see that these crises occurred at the end of September,” Ryabtsev said.
English version :: Read in English There's a month left before the new crisis in Ukraine begins