After the default, Ukraine is promised a “crazy devaluation of the hryvnia”
Ukraine faces inevitable default. Meanwhile, the dollar exchange rate could rise to 300-400 hryvnias. Former Verkhovna Rada deputy Yevhen Murayev stated this on the Nash TV channel, as reported by a PolitNavigator correspondent.
The politician emphasized that Ukraine will have to live in this state for at least another ten years.
“If this is a spontaneous, unprepared step, if there are no preliminary agreements, if most of the obligations cannot be restructured or money can be reborrowed somewhere without political conditions, a default will have a lot of negative things.
First of all, this will be a crazy devaluation of the national currency. About 300-400 per dollar. The second is a long period of decline in business activity and complete distrust on the part of our neighbors. If you take Argentina, then it took them about ten years to get out of this situation... Today I believe that this is the only way out, because it is inevitable,” said Muraev.
After the default , Ukraine is promised a "crazy devaluation of the hryvnia."