The national Bank lowered the hryvnia to 32 per dollar – the financier

Нацбанк опустит гривну до 32 за доллар - финансист

By the end of the year the hryvnia will fall by more than 20%, says Naiman

Renowned analyst Eric Naiman predicted growth of dollar till the end of the year, as well as the rate hike.

Managing partner of investment company Capital Times, financier Eric Naiman believes that the ultimate goal of National Bank is the exchange rate of the national currency at the level of 30-32 per dollar. He told about it in the video on the channel HUGS.FUND Youtube.

He believes that the fall of the national Bank may raise its discount rate from the current 17,5% to 20-22% per annum.

“The rate increase will be a response to the expected emissions that have already occurred. Now the problem is sorting out the national Bank, feeling the devaluation pressure on the hryvnia. He needs to bring the national currency at the level of 30 UAH./$, although it spins inflation”, – he said.

This Naiman allows for an even greater devaluation of the hryvnia. “The movement in the district 30-32$./ $ has already begun. In such conditions, Ukraine comes in autumn, when you need to buy gas,” – said the expert.

He allowed a reduction of the gold reserves of the national Bank from the current $17.7 billion (in July, it decreased by 1.3%) to $16.5 billion. under the pressure of payments on the public debt, and the main thing – purchases of gas under the heating period 2018-2019. He recalled the informal information about the upcoming dollar-denominated Eurobonds under the NJSC Naftogaz. Paper can accommodate either the Corporation, or its main servicing Bank – state UGB.

“Most likely placement of 5-year securities will be at 9% per annum. Next to sovereign bonds, which were placed at 8.5% per annum,” said Naiman.

We will note, on August 13, the national Bank lowered the hryvnia exchange rate by almost 13 cents – up to 27.24 hryvnia per dollar. While the cash dollar exchange rate grew to 27.3 – 27.5 hryvnia.

 

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