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Opinion

Vox Populi

8 October, 23:07 | Nataliya Bugayova, Kyiv Post Staff writer
Considering the global economic instability, what currency do you trust?

Nadiya Volkodav

Pensioner

“The euro is the most reliable currency at the moment. Taking into consideration the crisis in the U.S., the fall of the dollar is likely to hit Ukraine very soon. However, it [the dollar] will go up again in about half a year. The situation with the hryvnia is unpredictable, which makes the euro the best choice.”

 

Oleksandr Babir

 Cook

“I still trust the dollar. And I am certain that fluctuations in its exchange rate are transient. The dollar will go back to normal in the nearest future, especially considering the financial assistance the U.S. provided to avoid the collapse of major national banks.”

 

Victor Pani­shchenko

Music teacher

“I bet on the euro these days. Only God knows what is going to happen with the dollar, and the destiny of the hryvnia is even more obscure. The future of our national currency totally depends on Ukraine’s political situation.”

 

Veronika Kokurina

Student

“I rely on the dollar. I am pretty sure it will continue its growth in Ukraine despite the expectations of its collapse. Speaking of the hryvnia, our economic situation leaves much to be desired, as well as the strength of the national currency.”

 

Tetyana Hval

Accountant

“I fully support our national currency and consider the hryvnia to be most reasonable choice among all today. The dollar is too subject to fluctuations to be trusted.”

  Comments (3)
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FromUSAwithLove  (Guest) | 09.10.2008, 23:23
US dollar will continue it\'s fall in the long run. US public debt reached $10T recently for the first time in history, as its been growing steadely as percentage of US GDP. US government has to print more and more money to keep up with paying interest on its debt.
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Mark  (Guest) | 09.10.2008, 16:41
Good call Tetyana. I don\'t know why the US doesn\'t peg the dollar to the Hryvnia! :) Oh wait, the dollar is a HARD currency!
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Guest  (Guest) | 09.10.2008, 08:17
When considering any currencies position and value you need to triangulate the value of the currencies with at least three other currencies. Whilst I take into consideration of the value of the US Dollar and Euro I also look at the Swiss Franc and the Russian Rouble to gauge the value of the local currency. Only then can he know if the value is rising or falling in value. The same principle applies in spacial navigation.
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