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1000 UAH Piece Of Money And Inflation

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The media reported that, in Ukraine, there will soon be presented a denomination of 1000 hryvnias. Some began to regard it as an indicator of rising inflation.

Some say that the note itself has already been printed. According to the source, the peace of money is already made; Academician Volodymyr Vernadsky will most likely depicted on it.

However, official information on the issue has not yet been received from the National Bank of Ukraine.

The bill, which is already been promised during a year, on the one hand, does not foretell anything bad. There is no less fear that Ukrainians can become millionaires with empty pockets.

According to the CASE Ukraine`s CEO Dmytro Boyarchuk, there is no reason to say that we must expect an inflation. On the contrary, inflation has now slowed down significantly. Issue of this bill is rather a recognition that inflation, which we had in the past few years, has already stopped. Now the trend is that by the end of the year inflation is likely to remain at 9%, and next year it will fluctuate in the range of 5-6%. The expert believes this will be a long-term trend, so now he sees no reason for inflation.

Read more about the topic in the ‘Phrase’ article.

June 1, 2017