The rate of the US dollar will drop 50 percent

The rate of the US dollar will drop 50 percent

The problems with the US budget will influence the dollar rate. Some Ukrainian experts think that if the United States debt ceiling is reached the US dollar rate might drop to 4 hrivnas.

«If the USA does not pass the budget on time, the rate can drop by a minimum of 10 percent; however, a stronger panic is possible, up to 20 percent. There will be a sharp drop at first and then, when everything quiets down, the rate will gradually increase. Initially, dollar rate will drop against Euro, then a worldwide panic will start and as soon as it reaches Ukraine the dollar rate will also drop here, but not more than to 4 hrn.,» said Alexander Okhrimenko, the president of Ukrainian Analytical Center.

Nevertheless, the experts do not think that the problems of American economy can lead Ukraine to default.

Виктор Другоруб


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