Poroshenko sees no reason to expect hryvnia devaluation

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Aug. 29, 2012, 3:03 p.m. | Business — by Interfax-Ukraine

Ukraine's Economic Development and Trade Minister Petro Poroshenko thought there's no threats to hryvnia.

Ukraine's Economic Development and Trade Minister Petro Poroshenko has said he sees no reason to expect a possible devaluation of the hryvnia.

"My position, on principle, is that the rate should correspond to the market, and there are no reasons to expect a sharp devaluation of the national currency today," he said at a briefing on Wednesday.

As reported, earlier Ukrainian Premier Mykola Azarov said that there is no reason for there to be a devaluation of the hryvnia. He added that Ukraine had placed bonds on the external market and raised $2 billion.

The Kyiv Post is hosting comments to foster lively debate. Criticism is fine, but stick to the issues. Comments that include profanity or personal attacks will be removed from the site. If you think that a posted comment violates these standards, please flag it and alert us. We will take steps to block violators.
harley Aug. 29, 2012, 4:22 p.m.    

not today, but just wait until after the elections...

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AL BALA Aug. 29, 2012, 4:25 p.m.    

Dollar rose to a peak within 33 months

Experts predict that after the elections the dollar rise significantly.

It should be noted that for the last month of the population because of fears for their savings bought 2.35 billion dollars, the highest figure in the last 9 months, reported the National Bank.

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