The regulator hopes the election campaigns will not affect the country’s economy.
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Deputy Governor of the National Bank of Ukraine (NBU) Oleh Churiy says the upcoming presidential and parliamentary elections in Ukraine have not yet affected the country’s currency market, but they are holding back the companies’ investment activity.
“There were certain concerns that the influence of the elections would be due to an increase in political activity. But we saw that nothing happened last autumn, and nothing is happening this winter,” he told journalists on February 6.
The regulator hopes that the election campaign will not affect the country’s economy, the banker said.
“Although, of course, there is some slowdown in investment because of the elections. This is observed at the level of companies, which haven’t yet activated their investment activities,” he added.
UNIAN memo. Ukraine’s national currency strengthened against the U.S. dollar by 1.4% in 2018, to UAH 27.6883 as of January 1, 2019.
Ukraine’s national budget for 2019 is based on the forex rate expected at UAH 29.4 to the dollar by the end of 2019.
According to the consensus forecast compiled by UNIAN on the basis of experts’ estimates, the hryvnia exchange rate against the U.S. dollar at the end of 2019 is expected at UAH 30.
On Wednesday, February 6, hryvnia quotations against the dollar on the interbank forex market by the middle of trade settled at UAH 26.94/27.97 to the dollar. Hryvnia quotes against the euro settled at UAH 30.68/30.71.
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