Ukraine has almost managed to avoid a rise in the level of public debt in dollars due to the devaluation of the Hryvnia.
Ukraine’s state debt in dollar terms has not changed significantly since the beginning of the year, according to the Ministry of Finance.
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According to him, in September the amount of Ukraine’s debt increased in Hryvnia equivalent by 2.62 billion Hryvnia, and in dollar terms by 0.07 billion dollars.
Since the beginning of the year, public debt in hryvnias has increased by UAH 915.32 billion, or 34.3%. At the same time, debt in dollars remained almost unchanged (increased by $0.14 billion or 0.1%).
At the end of September, the public debt reached UAH 3,587.38 billion, or $98.10 billion.
The main reason for the increase in debt since the beginning of the year is the devaluation of the Hryvnia. The official dollar exchange rate increased by 34.1% (from UAH 27.2782 on December 31, 2021 to UAH 36.5686 today).
Recall that the public debt of Ukraine significantly decreased in dollars and increased in Hryvnia after the decision of the National Bank to lower the value of the national currency by 25%.
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Source: korrespondent
I am Dylan Hudson, a dedicated and experienced journalist in the news industry. I have been working for Buna Times, as an author since 2018. My expertise lies in covering sports sections of the website and providing readers with reliable information on current sporting events.