The National Bank of Ukraine (NBU) has set the new exchange rate for foreign currency in this country for March 16. The U.S. dollar will cost 27.64 UAH. This is mentioned on the official website of the NBU.
The U.S. currency's price in Ukraine has somewhat dropped in comparison with previous work day.
Euro cheapened by 0.13 UAH; the new rate will make 32.95 UAH.
The price of the Russian ruble did not change; the exchange rate will make 0.378 UAH.
Earlier, Oleh Ustenko, the economic counselor of President Volodymyr Zelensky said that the inflation level in Ukraine would make approximately seven percent. The increase of prices will be caused by the situation on world markets. "When the world economy is recovering, there is an increase in prices for the commodity group. This is the cost of transportation, energy costs, for example, the cost of oil. The second factor is that we live in an open economy, and the grain that we produce, metals, can always be sold outside the country. And it seems like a good harvest that we expect this year - but the price may be higher due to the fact that the demand in the world market is increasing. Add there transportation costs, costs for the industrial group, and you will see inflation of 7%, "the presidential adviser explained.