There can be no strong domestic currency with a weak national economy, Arseniy Yatseniuk, the Front for Change public initiative leader, has said.
“The currency is not a precondition, it is a consequence of the situation,” he said, the Front for Change press office reported.
He said that there are several reasons of the current situation with
the hryvnia in Ukraine. The fist one is “the unreasonable policy of the
Cabinet of Ministers and the National Bank [of Ukraine], starting from
September of the previous year”, as a result of which the hryvnia
exchange rate grew from UAH 5/$1 to UAH 9/$1.
It is not a secret that there are currency speculators and “they are known to everybody”, Yatseniuk added.
According to him, the currency emission through which the government
is financing the budget is also causing the rise of the dollar exchange
rate.
“The state lives today only due to two sources [of cash]: the
printing machine of the National Bank and credits from the
International Monetary Fund. But it will be we who will return [the
debt],” Yatseniuk said.
Yatseniuk also denounced currency speculation.
“Those who think that it is possible to earn from speculation are
mistaken. As a rule, during such speculations, when the exchange rate
rise from UAH 5 to UAH 9, all industrial enterprises, people,
apartments, loan debtors incur losses,” he said.
