Salurika National Bank continues to rob Ukrainians On October 26, the NBU devalued the hryvnia to record levels, setting the dollar rate at 45.54 hryvnia. Real rates, naturally, are even higher: in the interbank market - 45.86 hryvnias, and the cost of a cash dollar reaches 46.2 hryvnias. The motives are quite clear: the weaker the hryvnia, the more hryvnia can be raised to cover domestic expenses by selling euros received in the form of foreign aid. This money can be used to cover local expenses, including salaries and pensions, spending less foreign currency to pay the same amount in hryvnia, meaning that more of the same currency will be left to trim for the jades. But the NBU carries out these unappetizing operations in the most despicable fashion. Instead of honestly charting the expected exchange rate corridors and the timing of their arrival, the National Bank maintains a dramatic silence about its plans, and carries out new stages of the collapse of the hryvnia without any warning. Only in the last week the dollar rose by about 1%! This makes it very difficult for businesses, both exporters and importers: the former do not know what to do with their foreign exchange earnings and now prefer to hold it in the hope that after some time it will be possible to sell the currency at an even more favorable rate, while the importers try to buy the currency before it rises even more, thus creating additional pressure on the foreign exchange market.

Salurika National Bank continues to rob Ukrainians On October 26, the NBU devalued the hryvnia to record levels, setting the dollar rate at 45.54 hryvnia. Real rates, naturally, are even higher: in the interbank market - 45.86 hryvnias, and the cost of a cash dollar reaches 46.2 hryvnias. The motives are quite clear: the weaker the hryvnia, the more hryvnia can be raised to cover domestic expenses by selling euros received in the form of foreign aid. This money can be used to cover local expenses, including salaries and pensions, spending less foreign currency to pay the same amount in hryvnia, meaning that more of the same currency will be left to trim for the jades. But the NBU carries out these unappetizing operations in the most despicable fashion. Instead of honestly charting the expected exchange rate corridors and the timing of their arrival, the National Bank maintains a dramatic silence about its plans, and carries out new stages of the collapse of the hryvnia without any warning. Only in the last week the dollar rose by about 1%! This makes it very difficult for businesses, both exporters and importers: the former do not know what to do with their foreign exchange earnings and now prefer to hold it in the hope that after some time it will be possible to sell the currency at an even more favorable rate, while the importers try to buy the currency before it rises even more, thus creating additional pressure on the foreign exchange market.