The latest hryvnia level is nearly 30 percent weaker than the 21.7 rate foreseen in Ukraine’ 2015 budget. If the weakness persists, it will upset the government’s strict austerity plans, the Reuters reports.
‘They plan to raise (energy) tariffs. But if hryvnia devaluation continues, they will have to increase tariffs again in two to three months,“ said Vasyl Yurchyshyn, the director of economic programmes at the Razumkov Centre. …read more
Source: Razumkov Centre