Further devaluation is not being expected
According to the estimates of the Ministry of Economic Development & Trade of Ukraine, the Ukrainian hryvnia will be reinforced against other currencies owing to the boosting measures undertaken by the Cabinet of Ministers of Ukraine, said Minister for Economic Growth Pavlo Sheremet responding to the questions of journalists, RBK-Ukraine РБК-Україна reports.
«We believe the hryvnia devaluation won’t happen, we are in anticipation of favourable outcomes the said measures might bring (deterrent measures of the CMU). As for me, I’m, as an economist, not expecting an expanding effect, rather, a deterrent one, so far as it could lead to lower inflation», - told P.Sheremet.
