Ukrainian economist Igor Burakovsky believes that even the most radical measures taken by the government will not help to stabilize the hryvnia as "the weak economy may not be strong currency" informs.


"today the exchange rate is formed, according to my own assessment, 60% under the influence of fundamental factors. Ukraine is in crisis, with all the ensuing consequences. And the weak economy may not have a strong currency, " he said.

reviews Burakovsky, now in Ukraine, the situation of foreign currency in the country is low, But the need for it exists. In his vision, in order to resolve the situation, Ukraine Needs loans from the IMF and other donors.

"Right effort associated with the restructuring of the external debt, public debt," he said.

The Ukrainian Hryvnia rapidly falls on the background of military confrontation in the East and downs of the economy. On comparison with the beginning of 2014, the Hryvnia has depreciated by almost four times.
February 24, to the building of the National Bank of Ukraine in Kiev city centre activists "financial" Maidan brought tyres and iron barrels: the demonstrators are demanding to go to meet them and to fix the old exchange rate of hryvnia against the U.S. dollar, And to dismiss the head of the national Bank of Ukraine Valeriy Gontareva.

The hryvnia has become very quickly depreciate after the statement of the head of the NBU Valeria Gontareva about the fact that the regulator releases the national currency and will focus on the interbank rate.

sections: Politics