The announcement of a new truce did not save the hryvnia from further collapse, and That This means that, Despite the promise of the international monetary Fund (IMF) to grant Ukraine a loan of $ 17 billion, the Ukrainian economy in danger of default, writes.
The hryvnia exchange rate in the last days has reached another historic low. In one year she lost 66% of its value against the dollar, while 40% of them occurred in the last few months. With February 5, when the Central Bank of Ukraine at the request of the IMF ceased to intervene to keep the exchange rate, its decline has only accelerated.
"Every time we think It (the Course) has reached bottom, the situation in the economy just continues to deteriorate. It is an absolute disaster, " said economist French insurance company Coface Julien, Marsilli.
He emphasizes that the depreciation of the national currency leads to inflation and rising prices for imported goods. While households pay for inflation twice, because " the vast number of them, like businesses, have debts in foreign currency ".
"The Ukrainian authorities really are cornered. Currency reserves of the Central Bank has almost dried up: in January they accounted for $ 6 billion.. This amount is sufficient to cover imports for the month, and at the same time you need to cover More than three, " writes Le Figaro.
Despite the promised assistance from the IMF, international rating Agency Fitch has downgraded the chart of Ukraine in foreign currency to " SS ", thereby stressing the probability of default in the country.
"as long as the military and economic situation stabilizes, it will be impossible to identify positive prospects for the country's economy, which has now been deprived areas, bringing her from fifteen to 20% of the country's GDP," says Le Figaro.
sections: Politics |