With Western countries raising alarm of over the direct security threats against Ukraine for several months now, the information has affected investor and business confidence. The official rate of the hryvnia devalued in January, but Ukraine expects it to rebound in spring, Ukrainian news agency Ukrinform reports.
«Within two or three months the exchange rate will return to its normal level – UAH 27-27.5 per dollar,» predicted the Deputy Head of the Ukrainian President’s Office, Rostyslav Shurma, during a political talk show called the Right to Power.
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In case of increased information pressure in the near future, the official noted that the exchange rate would not exceed UAH 30 per US dollar.
In early January, 2022, Ukrainian non-residents began to reduce their portfolio of hryvnia denominated domestic government bonds, which affected the exchange rate. Last month, the official exchange rate of Ukrainian hryvnia against the US dollar devalued by 4.3%, Ukrinform reports.
Ukraine expects national currency to rebound in spring
