Prof. Hanke: ‘Ukraine’s Brutal Inflation’
The collapse of Ukraine’s hryvnia currency, which has lost half of its value against the US dollar since the start of 2015, has resulted in a surge of inflation, Economics Professor Steve Hanke wrote in a recent blog.
Hanke, who is professor at Johns Hopkins University and Senior Director of the Troubled Currencies Project at Cato Institute, said that “at present, Ukraine’s implied annual inflation rate is 272%, the world’s highest”.
You can read the full blog post here.
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Yushchenko, who served with Leonid Kuchma as head of the National Bank of Ukraine, commented on the situation on the market of the country: the National Bank of Ukraine considers adequate to the level of UAH 20 per dollar "unless you have the high deficit, which is covered by the IMF, do not ask why you have poor money. If you have a balance of payments deficit, which you can't resolve without IMF or other financial support, if you can not reduce the country's trade balance, don't ask why weak national money