The medium-term strategy of public debt management in 2018 to 2020, approved by the Cabinet of Ministers during a meeting on Wednesday, 22
Aug, involves the strengthening of the hryvnia in 2019 to 29.4 UAH/$1 after the devaluation in the current year to 30.1 UAH/$1.
According to the document, in 2020 is expected to reduce the hryvnia exchange rate to 30.2 UAH/$1. However, professional participants of the market predict gradual strengthening of the hryvnia to the US dollar over the next five years as part of normalization of monetary policy.
“From the point of view of public debt management, the potential strengthening of hryvnia until 2020 optimizes the cost of servicing state obligations of Ukraine denominated in foreign currency”, – stated in the strategy.
Earlier it was reported that the fluctuation of one hryvnia increase the national debt by more than 40 billion hryvnia.
We will remind, since July, the Ukrainian currency has depreciated against the dollar to the hryvnia and 18 cents.