Experts expect a swift devaluation of the hryvnia if the government takes wrong macroeconomic steps.
Oleh Soskin, the director of Society Transformation Institute, said this at a press conference at the press center of Ukrainian News.
"We are on the edge. Any incorrect step of the authorities will lead to the fall of the hryvnia," said Soskin.
The director of Society Transformation Institute believes the National Bank of Ukraine should withdraw from the circulation at least UAH 5 billion to stabilize the national currency.
"It is necessary to sell cash dollars and withdraw the hryvnia from circulation. It is also necessary to legalize free circulation of the dollar and the euro for legalization of different operations," he said.
Soskin also professes introduction of a system of forex committee to supervision the emission of the hryvnia.
As Ukrainian News earlier reported, bankers expect the preservation of the hryvnia interbank exchange rate within 8.10-8.30 UAH/USD in November.
Dear subscribers, an audiotape and/or transcript of the press conference can be ordered by contacting Ukrainian News' press center by telephone (494-31-65) or email (centre@ukranews.com).
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