The dollar is at a 30… or: what will happen to exchange rates in may, the hryvnia will save only one

Доллар по 30 или...: что случится с курсом валют в мае, гривну спасет только одно

The dollar in may in Ukraine will depend on how successfully will develop cooperation with the IMF. What will happen to the dollar and whether Ukraine will receive the next tranche, understood Politeka

The National Bank of Ukraine waiting for IMF mission, which should arrive in may. From the results of this visit will depend on whether Ukraine will receive next tranche of IMF, which directly affects the exchange rate. If the money of the International monetary Fund will come to Ukraine in may, then the dollar will be maintained at the level where he is now. Otherwise, economists expect growth of dollar rate to 30 UAH in the near future, a figure that could reach a dollar by the end of the year, it’s hard to predict.

Meeting with IMF officials scheduled for mid-may. The volume of new programs, you can count on the Ukrainian side, the 3.9 billion dollars. These funds will be used for the adoption of measures to reduce inflation, reform of taxation. The IMF mission will review programs, check on the list whether all requirements are met Ukraine to receive money.

Доллар по 30 или...: что случится с курсом валют в мае, гривну спасет только одно

The dollar in may

After the second round of the presidential election, which was held on 21 April, the hryvnia has not collapsed as expected, but on the contrary, began to strengthen. Last working day on the interbank market in April ended with the quotations of the dollar is 26.37/26,42 UAH. However, the dollar may remain unpredictable until it turns the question of the extension of cooperation with the IMF. The main lender has made no reassuring public statements after the mission’s visit to Kiev in March. Among the main demands of the IMF – the increase in gas prices for the population, the fight against corruption, reform of the fiscal service, they all run sluggishly. But the recent cancellation of criminal articles on illicit enrichment caused sharp dissatisfaction among international partners.

If Ukraine will remain without credit money in the year when you need to pay the external debts of the state, it will first affect the national currency.

Доллар по 30 или...: что случится с курсом валют в мае, гривну спасет только одно

The dollar in may

Many experts believe that a tranche may not be. This will affect the dollar if not immediately then in the medium term is necessary.

More optimistic projections based on the fact that Ukraine’s economy is, despite everything, grows, increased investment activity. So the hryvnia has a chance to maintain its position at the expense of own reserves, based on GDP growth.

We will remind, the dollar made a sharp “jump”: “the market is flooded with currency.”

As reported Politeka, Privat vs nationalization: how the court’s decision will affect the dollar rate in Ukraine.

Also Politeka wrote about what it became known that Zelensky will do with the currency.