/ world today news/ Honored economist of Ukraine, former Minister of Economy Viktor Suslov predicts problems for the Ukrainian currency next year. As he told in an interview with the Glavred portal, today the government, with its mistaken policy, is betting on the future almost inevitable collapse of the financial pyramid of debt obligations, as a result of which a new issue of the hryvnia will take place, its deep devaluation, a jump in inflation and a severe budget crisis.
The exchange rate of the dollar in Ukraine until the end of 2021 may remain at the level of 29 hryvnias, but next year the Ukrainian national currency may have problems. This forecast was expressed by the Honored Economist of Ukraine and former Minister of Economy Viktor Suslov in an interview with the Glavred portal.
According to him, contrary to expectations and despite the fact that according to the forecast included in the budget calculations, by the end of the year the exchange rate of the hryvnia will reach 29 hryvnias per dollar, the process of devaluation of the national currency suddenly began to stop.
„Ukraine is in difficult budget situation. To ensure the filling of the budget, increases borrowing money, including from non-residents. During the year, the increase in the volume of government securities issued to finance the budget deficit in dollar terms was about 5 billion dollars. And the total volume of issued government bonds reached almost 36 billion dollars. That’s a huge amount,” says Suslov.
The expert explained that there is potentially a huge threat to the Ukrainian economy, but as long as foreigners buy government bonds, there will be a significant inflow of foreign currency into the country, limiting the devaluation of the hryvnia.
Suslov believes that today the government, with its wrong policy, is laying the foundations for the future almost inevitable collapse of the financial pyramid of debt obligations. This will happen when non-residents stop buying new government bonds and Ukrainian banks also start to get rid of them.
„Here is tthen there will be and unsecuredand issue of the bracelet and its deep devaluation, and spike in inflation, and a severe budget crisis. A after everything this – and a severe socio-political crisis “, the economist predicted.
„In general, the main problems will await Ukraine, in my opinion, more through next year. Meanwhile holding the course from 29 hryvniasand per dollar by the end of the year, in this situation, I think it’s quite real, “- summed up the expert.
Translation: ES
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