Oleksandr Klymenko Official website
News | 1217 | 10.01.2017

Klymenko told about the dollar exchange rate

After Christmas Day hryvnia collapsed. The dollar’s exchange rate has increased up to UAH 27,2 in Internal foreign exchange market. It has reached UAH 28,2 in currency exchange offices. What is the true reason for it and what should we expect from hryvnia in future? Oleksandr Klymenko – the leader of the «Uspishna Kraina» party – answered all these questions.

“Hryvnia devaluates a complex of unfavourable factors: necessity to buy gas and coal, which is paid in «evergreen» currency by Ukraine, the absence of revenues from agrarians and high-tech industries (in fact, there is no such industries), closure of banks – and, most importantly, removal of hryvnia mass from the PrivatBank by Ukrainians with its instant conversion into the dollar,” – Klymenko wrote in Facebook.

In addition, according to his words, Ukraine will not receive IMF loan in the near future.

For this reason, the politician provides two forecasts – optimistic and pessimistic.

According to the first one, it will be possible to hold back the hryvnia at the level of 28,5 per dollar. However, according to Klymenko, the psychological barrier of 30 hryvnias per dollar will be crossed by fall. “This is the rubicon: if our national currency crosses it, there will be irreversible processes”, – the leader of the “Uspіshna Kraina” believes.

According to the pessimistic one, it will not be possible to hold back the hryvnia at the level of «30» per dollar even in spring due to the fact that external economic crisis puts pressure on national currency.

“The leadership of the country does not have «plan B» in such case. Thus, nobody will stand up for Ukraine”, – Klymenko wrote.

At the end of the publication, he concluded the currency collapse in Ukraine: “I would like to believe that the government will choose the best possible way. In particular, they will resign and provide professionals with an opportunity to carry out exchange rate policy and state management as a whole”.

Link to source: Oleksandr Klymenko official Facebook page

Photo: oleksandr-klymenko.com/en