Expert: NBU should pay attention to internal stability of hryvnia

29.12.2010
29.12.2010 13:16

Expert: NBU should pay attention to internal stability of hryvnia

MIGnews.com

The National Bank of Ukraine (NBU) should pay more attention to the internal stability of the hryvnia, economic expert Oleksandr Zholud has said.

"In fact, this year we have reached a rather significant foreign stability of the exchange rate of the hryvnia against the dollar. Of course, we were pegged to the dollar rate, and the hryvnia fluctuated along with the dollar against all other currencies. If we look at the internal stability, then, in principle, this year's inflation will be at a level of 10.5%, which is lower than last year or the year before. But it's still a pretty high figure, and the National Bank should pay more attention to the internal, rather than external stability of the hryvnia," he said.

Zholud also predicted that the exchange rate of the hryvnia against the dollar would not significantly change in the first quarter of 2011.

Since the beginning of the year, the official exchange rate of the hryvnia against the dollar has declined by 0.3% and now stands at UAH 7.96/USD 1.

The Cabinet of Ministers envisaged the hryvnia exchange rate at UAH 7.96/USD 1 in the state budget for 2011. UKRINFORM

Теги материала: Ukraine, hryvna, NBU
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