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Flexible hryvnia exchange rate not to cause rise of prices
11.02.2014 13:36 "Agro Perspectiva" (Kyiv) —
This opinion was expressed by the Director of Strategic Planning at the Ministry of Economics Yevhen Oleinikov, NRCU reports.
As to Oleinikov, direct increase in the exchange rate normally affects primarily the cost of imported goods, on the other hand, purchasing capacity exists, which in this case acts as a deterrent.
As explained by the official, even if currency speculators continue to provoke a sharp increase in the exchange rate and this will lead to a rise in prices for imported goods, the population will not be able to adequately respond by its demand. Importers will lose volume of sales, and thus over some time the prices will return to the previous level. According to Yevhen Oleinikov the main product group, for which prices will probably increases are domestic appliances. As to food products, today Ukraine virtually ensures domestic consumption from domestic production.
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