Exchange Rate of Ukrainian Currency – Trends and Potential Changes

Автори:
1
Lviv Politechnic National University
2
Lviv Politechnic National University

The article is devoted to topical issues of increasing hryvnia exchange rate potential. There is presented a description of the main factors causing decrease of the exchange rate, namely: the negative balance of payments, galloping inflation, situational decline in demand for Ukrainian exports and large amounts of currency outflow due to shadow economy agents. Ways of reducing the shadow economy in Ukraine are proposed. The results of the proposed measures would reduce the rate of inflation due to increased state budget revenues; reduce the currency outflow from the country due to decreased domestic oligarchs’ demand for luxury goods. Consequently, there will improve the balance of payments, depreciation of hryvnia in its commodity coverage will be minimized, and hryvnia exchange rate will potentially stabilize

1. The balance of payments of Ukraine. Retrieved from https: /bank.gov.ua/control/uk/publish/.
2. Migrant workers in Ukraine have listed more than 7.5 billion US dollars. Retrieved from www/radiosvoboda.org/a/ 27075873.html.
3. Foreign exchange reserves of the NBU. Retrieved from  insider / com.ua / spravochnik.
4. Statistical information on debt.Retrieved from http: //www.minfin.gov.ua/news/view/statystychni-materialy-shchodo-derzhavnoho-t... ukrainy.
5. Linnik, O.A. (2015). Formation of external state debt of Ukraine in 2010–2014: Causes and consequences . Regional Economics,1,104–114.
6.  Kropivnitskogo, D. (2010). ML Improving the competitiveness of Ukraine's economy-ness in the paradigm of productivity. Herald "Lviv Polytechnic" "Logistics", 5690, 80–586.
7. Statistical Yearbook of Ukraine for 2015. State Statistics Service of Ukraine.  Kyiv
8. Currency Bank. Retrieved from  finance.i.ua/nbu/.
9. The level of the shadow economy Ukraine has decreased to 40 % of GDP. Ministry of Economic Development and Trade of Ukraine.Retrieved from http://www. epravda. com.ua/news/2016/07/4/597966/.
10. CMU of 16 September 2015, the. Number 977-r "On approving the list of states (areas) that meet the criteria established by subparagraph 39.2.1.2  subparagraph 39.2.1 paragraph 39.2 of Article 39 of the Tax Code of Ukraine." Retrieved from: http://kodeksy.com.ua/ norm_akt/source-KMY
11. Bribe of $ 110 million.Retrieved from: glavcom.ua/publication/habar-na110milyoniv-kolomoyskiy-nadav-antikorupciynomu-byuro-kompromat.
12. Balyas, Mateusz. Polish MPs are poor as church mice, compared with Ukrainian colleagues. School management Ukrainian Catholic University. Retrieved from http://spm.ucu.edu.ua/2016/11/03/polski-deputaty-bidni-yak-tserkovni-mys....
13. Vakarchuk handed Poroshenko requirement for anti-corruption courts. Retrieved from  http://www.pravda.com.ua/news
14. Ilychok, B. I. (1997). The shadow economy in Ukraine and ways of its solution . Regional Economics, 3,134–142.
15. Ilychok, B. I. (2016). Analysis of business entities in commodity markets [teach. guidances. for students. universities] . Lviv "Lviv Polytechnic"
16. Deofshoring Berlin calls for an international register of companies. Retrieved from http://www.dw.com/uk/19177961.
17.Trevoho, O. & Shvetsov M. (2013). State, prospects and problems of development of domestic engineering management during the exit from the global economic crisis. Bulletin Nat. Univ "Lviv Polytechnic" "Management and Entrepreneurship in Ukraine: stages of formation and development problems",  Lviv: Lviv Polytechnic Publishing House,  778.