In spite of expectations and the rate of Hr 29.4 per dollar, laid down in the 2019 budget, in the second half of this year it was Hr 24-25 per dollar. However, if hryvnia appreciation in mid-2019 was driven by objective circumstances, the strengthening of the national currency we’ve been observing over the last two to three months is not the result of effective economic policy but rather of currency speculation.
OP-ED
Andriy Novak: Threats of hryvnia strengthening
A woman examines a currency exchange rate board on Dec. 12, 2019, in Kyiv.
