You're reading: Gontareva sure hryvnia rate will return to Hr 20-22/$1

The significant devaluation of the hryvnia last week was related to unfounded fears, while the National Bank of Ukraine (NBU) jointly with the government would manage to return the rate to the fundamentally justified level of Hr 20-22 per $1, NBU Head Valeriya Gontareva has stated.

“We are confident that together we will return the hryvnia exchange rate to the fundamental level,” she said in an interview with TSN-Tyzhden program on 1+1 TV Channel.

“As macroeconomists, we jointly with the International Monetary Fund … made all our forecasts and they are between Hr 20/$1 and Hr 22/$1,” Gontareva added.