The national Bank gave recommendations on how to mitigate the devaluation of the hryvnia

НБУ дал рекомендации, как смягчить девальвацию гривны

The national Bank gave recommendations to Cabinet as to mitigate the devaluation of the hryvnia

The national Bank noted that it is necessary, in particular, to intensify efforts to improve the quality of forecasting of the dynamics of the funds of the Unified Treasury account.

The Board of the National Bank of Ukraine has recommended the Cabinet to prevent the imbalance of monetary market in late 2018 – early 2019, as well as preventing the increased devaluation pressure on the hryvnia. This is stated in the decision of the Board of the national Bank, writes UNIAN on Tuesday, November 6.

The NBU reported that it is urgent to intensify efforts to improve the quality of forecasting of the dynamics of the funds of the Unified Treasury account, as well as providing uniform and predictable budget payment and reimbursement of VAT.

It is also recommended to reduce the vulnerability of public finances to the exchange risk and their sustainability in the medium term to adhere to the policy of gradual replacement of foreign loans hryvnia.

Recall, the IMF suggests a decrease of the average hryvnia exchange rate to 28,655 per dollar in 2019.

As reported, the Cabinet laid in the draft budget for the 2019 dollar exchange rate at 29.4 hryvnia.

 

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