Ukraine expects hryvnia’s exchange rate forecast to come true

KIEV, August 10 (Itar-Tass) —— Ukraine has reasons to expect the hryvnia exchange rate forecasts to come true, Prime Minister Nikolai Azarov said.

“We have every reason to believe and expect the exchange rate we set for 2011, i.e., stable exchange rate, to prove correct. We have a positive balance of payment, we have sufficient foreign exchange reserves and there are no reasons for the hryvnia either to go up or down,” he said on Wednesday, August 10.

Azarov said the government would watch the situation.

He believes that Russia also has enough possibilities to keep the rouble’s exchange rate at the necessary level.

“Russia, with its foreign exchange reserves, has enough possibilities to keep the exchange rate of the national currency at the level that is economically justified for the Russian market,” he said.

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