{"id":1311513,"date":"2025-10-25T18:37:32","date_gmt":"2025-10-25T15:37:32","guid":{"rendered":"https:\/\/prm.ua\/managed-flexibility-or-devaluation-what-will-happen-to-the-hryvnia\/"},"modified":"2025-10-25T18:37:32","modified_gmt":"2025-10-25T15:37:32","slug":"managed-flexibility-or-devaluation-what-will-happen-to-the-hryvnia","status":"publish","type":"post","link":"https:\/\/prm.ua\/en\/managed-flexibility-or-devaluation-what-will-happen-to-the-hryvnia\/","title":{"rendered":"Managed flexibility or devaluation: what will happen to the hryvnia?"},"content":{"rendered":"

Source: Author’s Facebook<\/a> page<\/em><\/p>\n

Ukrainians were scared by the IMF. More precisely, an article that says that the Fund requires the National Bank to devalue the hryvnia. As a result, this became one of the main reasons why the hryvnia exchange rate reached 42 hryvnias per dollar. Where it has not been for a very, very long time.<\/strong><\/p>\n

And in principle, it’s not such a big movement. Just a few percent. But nevertheless, for the first time in a long period, we have ordinary Ukrainians experiencing the national currency. Ukrainians who are already accustomed to managed exchange rate flexibility. Which in 2025 actually meant manageability. Without flexibility.<\/p>\n

The only catch is that this movement was on a completely empty site. What are we talking about?<\/p>\n

The IMF really advocates the devaluation of the hryvnia. But this is not news. For more than a year, the IMF has been emphasizing in its communications with Ukrainians that it is concerned about a very fixed exchange rate. And that this usually ends badly. And that it would be easier to finance the budget deficit if the hryvnia were devalued. Then international aid would simply be converted into a larger amount of hryvnia. That is why the IMF has always supported the Ministry of Finance in its desire to slightly weaken the hryvnia (by 10 percent annually).<\/p>\n\t\t