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Dollar exchange rate not to exceed 30 UAH/USD by 2024, - Ministry of Economic Development

Source : 112 Ukraine

According to the forecast, the exchange rate of hryvnia to the dollar in 2021 will be 29.1 UAH/USD
17:56, 5 February 2021

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The Ministry of Economic Development predicts that the dollar will rise in price by 2024, but will not cross the psychological mark of 30 hryvnias. This forecast is published in the ministry's scenario.

According to the forecast, the exchange rate of hryvnia to the dollar in 2021 will be 29.1 UAH/USD. In 2022, the dollar will rise slightly, its exchange rate will be 29.3 UAH/USD. The American currency will show the biggest value in 2023 - 29.5 UAH/USD.

"In the forecast period, we expect to implement monetary policy that is aimed at creating balanced conditions for a successful 'restart' of the economy after quarantine and ensuring further price stability," the statement said.

Related: Coronavirus saved Ukrainian economy?

As we reported earlier, in 2020, the volume of remittances of labor migrants to Ukraine amounted to 12.121 billion dollars, which is 200 million dollars more than in 2019.

Thus, last year the country received:

4.7 billion dollars through correspondent accounts of banks (in 2019 - 3.8 billion); 2.69 billion dollars through international payment systems (2.2 billion in 2019); 4.7 billion dollars through informal channels (5.8 billion in 2019).

Related: Lockdown losses: How are world economies dealing with downturn?

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