President of Luxembourg Forum welcomes Russia’s attention to threat of nuclear terrorismWorld December 03, 3:11
Presidential polls to determine vector for Uzbekistan’s further development — CEC chairmanWorld December 03, 2:44
Lavrov, Kerry discuss settlement in Syria at conference in RomeWorld December 03, 1:36
Kiev halves water supplies to LPR from another pumping station — LPR negotiatorWorld December 03, 0:50
Civilian wounded by Ukrainian sniper near Gorlovka — agencyWorld December 03, 0:31
Reconciliation agreements signed with 6 Syrian settlements — Russian Defense MinistryWorld December 02, 23:50
Russia doesn't understand why Kiev still continues operation in Donbass — LavrovRussian Politics & Diplomacy December 02, 22:59
Russian field engineers take off for Syria to take part in Aleppo demining operationMilitary & Defense December 02, 21:24
Putin praises Hermitage Museum for its efforts in restoring PalmyraSociety & Culture December 02, 21:03
KIEV, January 22. /TASS/. Loans of the International Monetary Fund (IMF) will help in the first instance to stabilize Ukraine’s national currency (hryvna) rate, Ukraine’s ex-economy minister Viktor Suslov told TASS on Friday, commenting on the statement of Ukraine’s president Petro Poroshenko that Ukraine expects $7 bln from the IMF in 2016.
"The [hryvna] rate is maintained for the time being at the expense of loans received from the IMF," Suslov said. "Currency revenues are currently insufficient to meet foreign commitments, maintain the rate and replenish currency reserves," the expert added.
The crisis in the foreign trade was developed not least because of serious decline in trade turnover with Russia, the expert said. "This is loss of billions dollars," Suslov added. The free trade zone agreement between Ukraine and the European Union effective from January 1, 2016 "will not save the situation at once, because it will lead to further decline of currency earnings because of canceled duties on European goods," Suslov said.
The situation will also be aggravated by the banking crisis, the expert said. "Expected bankruptcy of fifty more banks in 2016 will result in outflow of funds from the banking system, increasing the currency demand and exerting an extremely adverse influence on the hryvna rate," he added.