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Azarov: IMF demands hryvnia devaluation by 1.5 to 2 times

Published Dec. 27, 2013 at 1:34 pm

Ukraine's Prime Minister Mykola Azarov (R) and MPs react as they look at a screen displaying results of the voting for his resignation at the parliament in Kiev on December 3, 2013.

Photo by AFP PHOTO/ SERGEI SUPINSKY

The International Monetary Fund's demand for the devaluation of the hryvnia would lead to a drop in its exchange rate by 1.5-2 times, Ukrainian Prime Minister Mykola Azarov has said.

“This would lead to a twofold increase in prices of imported goods,” the prime minister said in the Exam for Authorities program aired on the First National TV Channel on Friday.