Director of Expert Assessments Institute Viacheslav Butko has said the official forex rate of the hryvnia, Ukraine’s national currency, will remain stable in summer thanks to financial assistance from the International Monetary Fund (IMF) and the European Union.
“Since we have received an IMF loan and we have received financial assistance from the EU, we will get assistance from the World Bank – quite a large amount of currency will be funneled into the country, and serious earnings from exports of agricultural products will be added in late summer,” he noted.
“Therefore, I would not predict any extreme fluctuations toward the weakening of the hryvnia,” Butko said. According to him, “everything will be fine with the U.S. dollar and the euro.” (UNIAN/Business World Magazine)