Possible temporary suspension in signing of the Association Agreement is unlikely to affect the hryvnia rate, executive director of the Bleyzer Foundation Oleh Ustenko declared.

"Devaluation pressure that exists now depends on several factors, but the main groups include trade imbalances, inflow of direct foreign investment, foreign debt payments, demand for the currency, but not the Association Agreement," the expert said.

Ustenko stated that the Agreement signing or failure to sign it will not affect the exchange rate.

"The NBU is modernizing its monetary and exchange rate policy. There are enough both direct and indirect evidence of this. The hryvnia rate is becoming more flexible that generally corresponds to the IMF requirements," he summed up.

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