The devaluation of the Ukrainian national currency may reach 10% in 2012. This forecast was announced by Erik Naiman, managing partner of the financial company Capital Times.
"Base condition of the hryvnia does not involve devaluation. I see a clear desire of the National Bank to keep the hryvnia at the current mark. Of course, it runs on the current account deficit that is growing, but it is covered even with guest workers' money. With the foreign loans being drawn by all the state corporations, the balance of payments is still positive. But if this continues, then next year we'll have to talk about a real devaluation threat, not only in terms of a US default, but also for the domestic economic reasons," Naiman said, UKRINFORM reported.
"Base condition of the hryvnia does not involve devaluation. I see a clear desire of the National Bank to keep the hryvnia at the current mark. Of course, it runs on the current account deficit that is growing, but it is covered even with guest workers' money. With the foreign loans being drawn by all the state corporations, the balance of payments is still positive. But if this continues, then next year we'll have to talk about a real devaluation threat, not only in terms of a US default, but also for the domestic economic reasons," Naiman said, UKRINFORM reported.
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