According to the Prime Minister, the exchange rate is regulated by the market
Ministers and the Cabinet of the National Bank did not discuss the USD 30 exchange rate and the stimulus of inflation. Ukrainian Prime Minister Denis Schimhal said this during a briefing.
Prime Minister of Ukraine
Separately, Shimgal stated that the government is keen to develop and invest in the industry, but does not cause additional emissions of funds and is “not subject to whether the rate should be artificially high or low.”
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Recall that following the resignation of Yakov Smolie from the post of head of the National Bank due to political pressure, experts called the launch of “printing press” and inflation one of the results. According to the forecast by Taras Kozak, president of the investment company “Univer”, inflation could be 20% or more (the previous forecast was 5% by the end of 2020).
Read: The head of the National Bank explained the main priorities in the new situation
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