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Will rigid peg to the dollar save hryvnia?


Americans offer Ukraine their own vision of hryvnia support: to rigidly tie its exchange rate to the anchorage currency of the US dollar. But is it necessary now for Ukraine to return to the regime, in which we have actually lived since 1995? Republican senators Ted Cruz and Marco Rubio are convinced that introducing the regime of currency board, you can effectively restrain inflation, prevent monetary financing of government and protect the economics from external shocks. However, in Ukraine there is no consensus regarding this currency "marriage of convenience". Regime of fixed rate has its advantages in particular, it will eventually stabilize inflow of foreign investments, considers the chief financial analyst of the agency “Expert-Rating” Vitaliy Shapran.


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