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Regions Party faction leader forecasts forex rate in 2013 at Hr 8.4 per U.S. dollar

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Sept. 19, 2012, 9:32 a.m. | Business — by Interfax-Ukraine

The foreign exchange rate of the hryvnia against the U.S. dollar in 2013 will not exceed Hr 8.4 per U.S. dollar, according to Oleksandr Yefremov, the leader of the Regions Party faction (second left).
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The foreign exchange rate of the hryvnia against the U.S. dollar in 2013 will not exceed Hr 8.4 per U.S. dollar, according to Oleksandr Yefremov, the leader of the Regions Party faction.

"The dollar forex rate is projected within the band not exceeding Hr 8.4 per U.S. dollar," he said at a briefing on Tuesday with reference to the forecast given by the National Bank of Ukraine (NBU).

Yet, he said, the forex rate is dependant on the economic situation both in the United States and the European Union.

"As of today I see no particular problem with the forex rate [of the hryvnia] against the U.S. dollar in our state," he said.

While presenting the prospectus of the issue of Ukrainian eurobonds this summer, the government of Ukraine said it had used the forex rate set at Hr 8.1 per U.S. dollar in 2012 and at Hr 8.4 per U.S. dollar in 2013-2014.

NBU Governor Serhiy Arbuzov earlier estimated the deficit of Ukraine's balance of payments in 2012 at about $4.5 billion against $2.5 billion registered in 2011.

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