Monetary and exchange rate policies

Ukraine’s Debt Has Grown over the Last Month by 47 Billion Hryvnia because of Devaluation

unian

Dmytro Boyarchuk, CASE Ukraine `s Executive Director, commented to UNIAN media outlet on the reasons for the public debt growth.
As CASE Ukraine analytical group`s Director Dmytro Boyarchuk explained, the growth of the both public and publicly guaranteed Hryvnia debts are caused in August by the effect of the Hryvnia devaluation, because the amount of a Hryvnia-denominated debt decreased, while the Hryvnia-related debt assessment increased.

According to these data, since the beginning of the year in January-August, the total public and publicly guaranteed debts in dollars increased by 1.7%, or 1.08 billion dollars. In the Hryvnia equivalent – by 8.7%, or 136 billion Hryvnias.

Read the full article [in ukrainian].

September 24, 2016