Ukraine will have to let go of the hryvnia

To restore the competitiveness of the economy, Ukraine remains nothing how to weaken the currency. This forecast was made director of the Institute of Economics and Forecasting of NASU, Valery Geyets during the round table, which held the League of financial development with the support of USAID "Financial Sector Development" FINREP and weekly "Mirror of the week. Ukraine. According to the expert, today, domestic exporters lose price advantage in international markets. If inflation up to 2011 will exceed 10%, the competitiveness of the economy could "go down to zero and even be negative." According to scientists, to the devaluation of Ukraine currency also pushed the war that erupted in the world when some countries deliberately weakened their national currencies to make their economies more competitive. According to V. Heyets, in the current environment to strengthen the exchange rate - is to promote higher standards of living in other countries. "That is due to relatively poor countries, there is some support growth in the more developed economies, as increasing the supply of freely convertible currency stabilizes and even revalviruet rates in countries with higher inflation. As a result, including the Ukraine supports the standard of living in other countries , helping to increase their exports, "- said the scientist. He also noted that the additional prerequisites for the devaluation creates and the current revitalization of consumer imports, which fueled lending to households. Ultimately this could lead to a repetition of the scenario in 2008. Minus another 10 billion dollars in a checking account - and will have something that had "- said V. Geyets. As reported previously the head of the Parliamentary Committee on Industrial and Regulatory Policy and Entrepreneurship Natalie King said that a further increase of the negative trade balance of Ukraine will lead to a devaluation of the hryvnia. According to her, if the negative trend continues, in the autumn of the hryvnia to the dollar will fall to 11 UAH / USD. In turn, the former deputy chairman of the National Bank Sergei Yaremenko said that such forecasts are without basis in reality. Ministry of Industry