Monday, 11 January 2010

Hryvnia exchange rate at Hr 6/$1 is unrealistic

An exchange rate of the national currency against the U.S. dollar at Hr 6/$1 is unrealistic, finance minister of the shadow government and Regions Party MP Mykola Azarov has said. "When somebody speaks about a rate of Hr 6 [per U.S. dollar], it's the same as [saying you can] fly to the moon without a rocket," he said at a press conference in Kyiv on Jan. 11.Azarov said such claims by government officials were not in line with the country's real economic situation.As reported, incumbent Ukrainian Prime Minister and candidate for the presidency Yulia Tymoshenko has repeatedly said that if she wins the presidential election, the exchange rate of the national currency will not exceed UAH 6.50/$1.

No comments: