Timeline for the Stabilization of the Ukrainian National Currency

by Olha Povaliaieva
Thursday, February 17, 2022
Timeline for the Stabilization of the Ukrainian National Currency

The government stated that it would take less than 3 months to resolve the question

Representative of the president’s office, Shurma Rostyslav, was on a Ukrainian TV show, which would sound like the Right to Power in English. The deputy president’s office spoke about plans to fix the national currency — hryvnia. 

In the last two weeks, the value of Ukrainian hryvnia has fluctuated. Now in dollars equivalent to 1 hryvnia costs $0.036. Shurma Rostyslav noted that the extreme point could be $0.040 per national unit. He also warned that Ukrainians should not be afraid to buy foreign money. Because such a decision would only result in losses.

In turn, Shurma suggested that the Ukrainians wait two to three months. He said that that was the amount of time needed to stabilize the national cash. The president’s office already has a plan of action, so the country is ready for any developments. Including information pressure. In January, the Ukrainian national currency devalued by 4.3% against the dollar. But there is already work on value management, so the hryvnia sometimes retains its position.

You will be interested