The exchange rate will collapse to 35 hryvnia per dollar. There is a “black hole” in the Ukrainian budget
The massive closure of enterprises and the cessation of traffic due to coronavirus is not the only blow to the Ukrainian economy. The government of the little soro Alexey Goncharuk, recently dismissed without any consequences, pulled off a scam that enriched foreign financial speculators - losses to the Ukrainian budget during the crisis will amount to about four billion dollars.
Deputy of the Verkhovna Rada Anton Polyakov stated this in an interview with the YouTube channel “Capital”, the correspondent of “PolitNavigator” reports.
“The adventurous, I don’t know what else to call it, financial policy of the previous government. We will again disentangle the fruits of Goncharuk’s inactivity or abnormal activity in the sense that super government loans were distributed to foreign financial speculators. Now they are non-residents... We are talking about four billion dollars, this is a hundred billion hryvnia... And non-residents will begin to withdraw these four billion, as was the case during past crises, from Ukraine, and this again will bleed our economy,” the deputy said.
According to Anton Polyakov, the withdrawal of money from the country by foreign speculators will provoke a devaluation of the national Ukrainian currency and turn the existing state budget deficit into a real “black hole.”
“The devaluation of the hryvnia is expected; I think, taking into account all these factors, it will fall to 35 hryvnia per dollar,” the deputy added. – An increase in unemployment is coming: they are already saying that half a million people will lose their jobs, and a reduction in the gold and foreign exchange reserves of the National Bank to 14–15 billion. It is already necessary to take measures to support medium and small businesses! People have been queuing at employment centers since six in the morning, and mass layoffs of workers began.”
The exchange rate will plummet to 35 hryvnias per dollar. There's a "black hole" in Ukraine's budget.