From the decision of the Verkhovna Rada will determine the future hryvnia exchange rate

2020-03-27 12:12:38
Machine translation
From the decision of the Verkhovna Rada will determine the future hryvnia exchange rate

the exchange Rate of hryvnia on the interbank market stabilized and now depends on whether the vote by the Verkhovna Rada of the laws on which the IMF insists Ukraine to be able to obtain assistance in the amount of $8 billion.

 

Yesterday, the hryvnia on the interbank market increased from 27.99/28,05 UAH/$ 28,19/of 28.22 UAH/$, and most transactions were concluded in the range 28,05-28,20 UAH/$. The national Bank for the first time in the last three sessions for the decline in demand came with the intervention, although sold currency only $ 11 million at the rate of 28.22 UAH/$. The market is now much calmer than at the beginning of March, when they started tied to coronaviruses panic.

 

the national Bank said that Ukraine's international reserves amount to almost $ 25 billion. Last year, the regulator bought currency surpluses $ 8 billion, and sold for the last 2 weeks 1.5 billion $. Therefore, the safety factor remains significant, and, if necessary, to reduce exchange rate fluctuations, the Bank will continue currency intervention.

 

the head of the IMF Kristalina Georgieva noted the progress in the negotiations with Ukraine regarding a new funding program and reported that the previously agreed amount of 5.5 billion $ can be extended in case of adoption of law on improvement of the structure of regulation in the banking sector and land reform.

 

Verkhovna Rada on 28 or 29 March to hold an extraordinary meeting and the members consider its terms and the possibility of meeting in the yard to avoid infection.

 

Zelensky, the President urged the parliamentarians to make important laws. In addition to bills on the epidemic Covid-19 should be considered instruments that will carry out the session of the Verkhovna Rada remotely, although the Constitution provides for sessions only in the hall of the Verkhovna Rada.

 

the Cabinet has provided for the deputies ' consideration of changes to the state budget in 2020, which is invited to respond to the epidemic coronavirus to reduce the income budget by 115 billion and increase spending by 96 billion UAH and to create a stabilization Fund on 124 billion.

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