On July 6, during the informational meeting with the representatives of the media on the topic "Statistical Products of the National Bank: opportunities for users," held in the National Bank of Ukraine, the head of the advisory group under the head of the National Bank of Ukraine Valery Litvitsky said that there are no reasons for the sharp exchange rate fluctuations, ForUm learned from the official website of the NBU.
Commenting on the statements of some experts and analysts about the possible devaluation of the currency, Litvitsky mentioned: "The devaluation predictions are unfounded, and sometimes even speculative. Waiting for hryvnia’s fall and dollar growth after the elections is not reasonable. "
"The expectations of the experts that the central bank's policy is oriented to certain dates of the political cycle are either unconscious false formulation of an idea or a deliberate attempt to destabilize the market and to make money out of speculative transactions. These people are just forming devaluation expectations. When the currency reacts – the prices react as well, allowing politicians to get out of it," Litvitsky said.
According to him, today, unfortunately, some people do not realize that devaluation artificially provoked by such statements and the caused panic buying of foreign currency leads to higher inflation, higher costs of investments, loans, etc.
The head of the NBU advisory group ensured that hryvnia will remain stable, as Ukraine has no outflow of capital and has a positive balance of payments and record-low inflation.
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