Minister of Finance Serhiy Marchenko says he sees no risks of a significant hryvnia devaluation until the end of the year.
“For the Ministry of Finance, the hryvnia to the U.S. dollar rate is an exclusively technical indicator that is used to calculate budget figures,” Marchenko said.
“I have no fears about the hryvnia exchange rate against the U.S. dollar, and I see no risks of significant devaluation until year-end,” the minister said. “There are no fundamental macroeconomic factors to this end. But again, given the global effect on the economy as a result of the Covid-19 pandemic that’s difficult to predict, it’s also rather difficult to foresee the values of highly volatile indicators”. (UNIAN/Business World Magazine)
