such large advertising, why in hungary or in poland or in the czech republic, that is why the national bank seems to me to have made the right decision today, this segment of non-banking financial companies is not of the banking market, it is somewhere similar to the national banking market until the 14th year, that is, it has not been reformed. that is, there needs to be strict reforms to improve this market ukraine exported electricity to the eu for more than uah 700 million, the head of ukrenergo volodymyr kudrytskyi said at a briefing, according to him, europeans began to receive ukrainian the energy resource is 2.5 times more, the main buyers are slovakia, romania and poland, thanks to exports, ukraine will receive additional funds for preparing for the heating season, but in coal mining, ukrenergo will give priority to state mines, in return, ukraine will import part of the raw materials from australia and south africa, we ensure the economically balanced operation of thermal power plants on natural gas, then ukrenergo will finance the creation of a strategic coal reserve for this win

in the course of a dozen sharp steps, is exactly what drew attention to all this, and today the national bank actually with these scoreboards extinguishes the fire that was basically caused by this step. and what can be the exchange rate forecast? look , when we analyzed in july, uh, we did such surveys with banks, we already saw that the cash rate will be at least 40, and if i'm not mistaken, whether in on your broadcast or on other broadcasts, we even talked about it, that we expect a cash rate of 40 hryvnias for the american dollar. what can happen ? look, there are several factors affecting today . on the account of aid received by international organizations in ukraine, there is already the first one, it seems on the air, they said about the first tranche that came to ukraine, today ukraine needs two things, a key door so that everything falls into place the first is a large supply of weapons so that we end the war faster and then everything will fall into place, and the second is that we really need financial assistance, because today's budget expenditures do not cope with the current r

exporters, and it actually lasted two months, this period when the decision had to be made, the national bank recently made this decision. bank in order to correct the distortions that have formed in our country, including the economy, as a result of the policy of the national bank , now they are giving advice on what needs to be done to make the cabinet of ministers now directly regarding this decision. now we have a situation that has changed over the last month. first, the tax benefits that we had before were canceled. means because imports by 25%. in fact, the price has increased and now there is an addendum to this, and this is a screwdriver, respectively. what do you want to add 10%, despite the fact that the mechanism for implementing this decision, well, i will say frankly terrible instead of directly taxing critical imports now it is proposed to tax operations on the sale of currency, that is, in other words, if you buy currency in order to pay for goods abroad, then you have to pay this tax accordingly. competition because, accordingly, those who export products will now immediately

what does the national bank not want to do? already did an additional mission and pressured the ministry of finance to raise bond rates. yes, look at the additional month - this is bad, but it does not have a direct effect on prices . people had more money, they spent more , and this pushed prices up. and now we have a completely different inflation, and it is not related to people spending money in active spending, because people spend less because real incomes are falling, and in some places nominal incomes are falling, especially taking into account the large number of unemployed, that is, the nature of inflation, the rest is clear. now, what you mentioned about grain. so, the ports of odessa, chornomorska pivdenny, are preparing to export grain after our conversation, literally in 10 minutes, i promise that it will work out the first ship is a grain, how will it affect the ukrainian economy and the exchange rate, can we expect that the hryvnia will strengthen again, nor will the hryvnia return to the levels we saw. this nat

there were still several decisions of the national bank, including the permission to sell to banks oncash market the currency that was not bought in cash, although they have already sweated it out. which causes a lot of haiku, but its influence is minimal , it’s something of behavioral economics. i understand it. well, it’s actually interesting that they started using such techniques when they try to influence the economic behavior of people with the help of psychological of factors eh, i hope it will work, there is one more fault about the decision of the snp agency to give ukraine a pre -default rating, is this treason or is it bad for ukraine eh, this is not treason, we are a victory, it is just a fact , first the chips did it now the assistants did it ukraine is now in in the process of restructuring own debts in the process of negotiations with investors, and naturally or at least temporarily, the ratings should drop, there are still bad numbers from the national bank of ukraine, the national bank of ukraine has resumed the release of the inflation report e-e, which contains a lo

to finance expenses, for example, what will be the policy of the national bank there how toughnd so on , that is, all this will really affect but at the same time well, for example, if we talk about the united states, the number one economy in the world, then according to forecasts of their already there experts of their central bank. that is, we can already see that inflation this month, i apologize. in july, they already had an initiation. that is, it was a large nine and a half percent for the united states. the check is a lot. that is, it is compared even with 30 % - it's like that with ours, it's with them. it's much more for an economy like theirs, that is, but their inflation is already less than 9% in july, that is, and uh. well, we'll see what the coach will be in august. that it will decrease, we will see and what we have will and we heard that you are optimistic about the forecast that you voiced, it is still optimistic by the end of the year 31%, and from next year we already expect 20% annual growth will be measured if the situation develops according to the optimi

the day before, the left bank publication published a column by the head of the national bank of ukraine, kyryll shevchenko, where he says something completely different. he says that not financing emissions to central banks imposes a hidden inflationary tax on society and can lead to catastrophic and long-term consequences, why do officials say so many different things , even though they are responsible for our economic policy. well, in one way or another, yevgeny , can you explain this schizophrenia in our government, after all, the government and the national bank are responsible for our economic policy of ukraine, this is one of his key functions, his third function after humanitarian stability and financial stability, so i personally look here at what the people who are entrusted with this responsibility say, we do not write off the president, because we know that the influence the president's office is absolutely great, and that 's why we wanted economic policy to be taken care of by those who are responsible for it and the messages that the national bank has already been giving fo

fursa rightly noted will the national bank be able to master the situation and not change the exchangeery month, the first position is still not a speculative factor, but a psychological factor, when it was raised from 29 to 36, the majority of ukrainians, accordingly, immediately felt that we were actually abandoned, let's buy quickly at any price -what exchange rate is there now, the exchangers reacted to the situation by raising the selling rate further , then they saw that there were not enough dollars in the exchangers, they began to raise the exchange rate accordingly, and purchases accordingly reached the required level. last week, accordingly, it has already started to be submitted, in addition to this, there are products now offered by banks that you can put on a loan to buy, respectively, at the rate fixed by the national bank for three months, and this is now quite a lot of programs, in addition to this, other steps, accordingly, the panic has already begun to subside and already now there is normalization until the end. this week, i think we will see. well, i do not agree t

to tear it down, it's not the only one the idea is not the only measure that was applied by the national bank first of all they just increased the ability of banks to sell cash dollars on the market by allowing them to use the non-cash currency they buy and that's all i think was the strongest factor that just shot if we see last week we saw a speculative drift of the exchange rate in the market when after the official exchange rate ran and the black market did not stop in time because everyone ran as they ran, there was a certain speculative pressure, the psychological factor was a psychological factor, it reached 4 god broke away too far from the official course and then, well, first of all, gravity worked because he was too far away, and secondly, the national bank applied a number of measures, including those related to the scoreboard, but if it affects them, it has a minimal effect, mainly because the supply of currency on the cash market was increased through the bank and the actual rate has now rolled back to this natural position when the cash market rate is somewhere within 10%. will

the national bank is forced to print money because we don't have enough of it. ministry of finance is fine. understands that with internal taxes and internal borrowing we will not be able to finance the needs we need for the war, especially spending on the army, and therefore the only way to get money is to go to our international partners and ask and demand this money, the alternative is only printing, the ministry of finance understands very well the ministry of finance this makes the problem that there is a lot on the part of the partners of the bureaucracy of the procedures and quite a lot of misunderstanding that ukraine cannot print money , they will pay for the money, but for today thank you colleagues we have run out of time, this was evgeny dobro , an expert at the analytical center of the case of ukraine and mykhailo demkiv, a financial analyst of the icu group of companies. finally, i will say that iran has prepared itself for a large increase in oil prices due to the easing of sanctions against itself. it has already accumulated substantial reserves,

and this is also optimistic data, and the main thing in the report is the risks that the national banks . as a whole, the parliament will be uncoordinated, you know, this is almost chinese, and the warning is that please coordinate, let's coordinate actions, if you print money, then print it for some specific purposes, if you ask for international financial assistance, then ask for it for everyone fronts and it is agreed that if the debts are to be restructured , then it is to do what is together as one. as they say in ulom yes and not pull the blanket over yourself as well sometimes we see it and then in ours well really the economy - the economy is working the economy is working quite well as in wartime even excellent for wartime, just this distinction is not enough to simultaneously wage such a war and at the same time pay pensions, pay salaries to state employees , finance medicine, education, the police and all these most necessary things, but if you say yes, eh with broad strokes, as they say that well, we will all become poorer by a third, a third by a third , prices will rise by

the national bank took a whole set of measures, first of all by increasing the bank's offers on the cashet of these very dollars, which actually settled the situation on the cash market market, among other things, the national bank obliged cash exchangers to carry out all currency transactions through cash registers, and it began to check institutions. as a result, four companies that trade in currency were deprived of their licenses, then four, which is somewhere around 15%, according to the number of these branches of exchange offices, which are , in principle, the territory of ukraine is officially registered, we have a register, that is, it raises market interest, as we can see, the inspection did not come, to put it mildly, the order of the issues, additionally, separate fines were imposed to significant exact also carried out compliance activities for small deficiencies, further inspections are ongoing, also says the representative of the national bank, it is important that exchangers paid taxes properly, a control mechanism is being developed together with the ministry of finance,

yes, but this is a decision of the national bank.hat is, all central banks are very often conservative, and in such difficult conditions, what decisions do the central bank make? it is just that, in my opinion, it was and is the right question only that it played on 100% since we wanted to know why, for example, there are deliveries of pvdp yields are rising and are rising very moderately and still need to be raised, why is the state bank not growing interest rates on deposits, that is, i read well in others, that is, a lot of a complex of factors that influence the fact that the discount rate did not work 100%, as you would like. yes, it will work, but for a much longer period of time . thank you for this answer. after all, it was a wrong decision. why? because the 2.5 times sharp movement, which was not justified, the fact that it did not work, actually means that the national bank hoped that by raising the discount rate 2.5 times to 25%, in this way, it would force others players in particular the ministry of finance to raise the

we still have two sources, this and the mission source, well, in fact, the national bank prints money it printed more than uah 200 billion, but according to calculations the national bank has more than uah 30 billion to print on the spot, it is dangerous for inflation for the hryvnia exchange rate stylists of the hryvnia exchange rate that is why it should remain so well, yes, because of defense bonds, the national bank directly buys defense bonds of the ministry of finance. thus, it launches a mission source to cover the budget deficit. there is also a third in in principle, the mechanism for covering the budget deficit is international grants and subventions. that is, these are non-returnable funds that we receive. we will not return them. and no loans which, unfortunately, will have to be returned , that is, these three sources are our own taxes and the mission of the national bank, and the third is international aid for the army, as the minister of finance said, in principle, international donors, following without a single penny found even for the wages of the military. that is,

serhiy i congratulate you , the national bank of ukraine came out in support of the introduction of aation of import operations , this is written about economically, it is true, i have already seen many posts by economists and businessmen who do not agree with this decision, here are just a few the statements are very concise, i will analyze them, so the expert from kyiv , the ex-president of kyivstar - petro chernyshov says that this is a shot at the ukrainian industry, businessman ihor humenny, and whether humenny says that this is a catastrophe for ukrainian high-tech exports, economist mykhailo kukhar says that this tax was adopted in the interests of currency speculators. well, yesterday i also saw the statement of the head of yagotynske derkacha that this also does not help business. you evaluate i am evaluated for the introduction of a positive actually this is a bad useful thing solution and just like that there are economists which economists which are independent who do not play politics they are supported decisions because they understand that this decision is simply necess

vasyl, what are the forecasts at the national bank see the national bank does not give public forecastsregarding the exchange rate of the ukrainian hryvnia. that is, it was there during the last eight years before the war, that is , during the war, even more so in our country today, the national bank conducts a fixed exchange rate policy, where the exchange rate for non-cash transactions is at the level of 36. 6 is 100%, the right decision that enabled us to preserve macro-financial stability and stability. on the foreign exchange market, now in relation to e-e, for example, the grain agreement, that is, according to the estimates of the national bank, this year we can to receive four to five billion dollars. that is, this is a huge plus, and yet we also heard statements from other state officials that it is possible that in the future we will have the opportunity to fix other ukrainian exports through portin because, well, 80% of ukrainian exports before the war were carried out by other groups of goods are not only limited to grain, it is true . it is necessary to say that a lot will

rate has gone down, and this is not the er hiding of the scoreboard, but the regulation of the national bank banks to sell more cash currency, and the banks themselves were able to convert non-cash currency abroad into cash and bring it safely into ukraine to it was impossible in the first month after the start of the full-scale trial, that is, now there is more cash currency and the second point is the opportunity to buy non-cash currency, which is already offered by a number of banks with a simultaneous deposit for a period of three months, this is also a part of people who want to convert e-e will divert its savings in dollars from the e-e cash market to the benefit of cashless. thus , this pressure on the cash rate will be slightly reduced. are there any other unused tools to reduce this gap between the official and national exchange rate is really another such step, which the national bank, as far as i can remember, did not attempt and did not attempt during the last book of the 14-15th year. since the great war, the national bank did not plan to move the cash market at all, believing t

national bank of ukraine at the beginning of the war, it printed 255 billion hryvnias, actually thisess about which he has repeatedly spoken, in fact, it is turned on at the moment when we do not have the appropriate amount of help from our partners and in order to cover mandatory payments we only spend about 130 billion a month on the war, we definitely need hmm at the expense of something er to look for that money and actually the national bank buys war bonds from the ministry of finance er in this way, sending funds to the state budget is definitely not good. is the driver of inflation and this leveling off, but wartime is a pity

in prices and in e-e, respectively, when at one time we were still conducting research for the national bank so that in the 2000s, that was the prevailing opinion, you know that it is the oligarchs who are raising prices specifically through the government to take money from ordinary people, respectively , now even in a war situation i think i think and i actually see according to the behavior of the president and the prime minister of finance of the national bank that despite the difficult situation, no one wants to move the discussion between them the limit when we will plunge into a spiral of hyperinflation well, then five zeros come out, and the person said that he brought 470,000 and four and four equal kopecks for these half a million coupons received five zeros, then they reduced it, but in general, if you take the hryvnia 76 and now there are 40 hryvnias, yes, to the dollar, to the hryvnia, too. for these, how much has passed since 1996, four 26 years, the hryvnia has depreciated by almost 26 times. yes, it is with him. well, there it has depreciated 23 times. if we do not start a wa

this means that the national bank will have to print smaller volumes, less volume, accordingly, lessoad on the exchange rate, so much we have options, such as how to increase the budget or print or whether to ask and wait for help from our partners, but they published a report as of uh, now we have been promised 34 billion dollars of financial support in the form of grants, loans and credit guarantees from this amount uh, almost 13 billion dollars have already arrived. well, it is expected to arrive in the near future. how do you assess the amount of financial aid from partner countries? we have such a disparity here, so... western countries announce very large amounts of aid, but in fact it does not include much less amount and even in the ministry of finance of ukraine somewhere at this moment they falsified their information that the expectation from the war that it will not end in two months and accordingly these sums are divided into well at least until the end of the year e-e plus-minus equal repayments, respectively , if necessary about 5 billion dollars per month, this is sti

i think that you know the expectations of the national bank . you know the national bank in the last report. he was quite optimistic . next year, god grant us all such activity . but with the rate, what does he really expect? he expects such uncertainty for at least another year and a half, mr. yevgena. today, the prime minister said that we received the first tranche . half a billion euros from the european union should be the next money tomorrow, and he reminded that this aid of 1 billion euros is part of the great support package for ukraine, where will this money go? it is this budget that clearly states the general needs of the budget , that is, pensions and internal security of displaced persons and national functions , police, health care, education and so on, just 500 million is quite a bit, we need 10 times more package. about 4, a little more than four billion dollars, in fact, there should be more, because the heating season is ahead. restrained, even the burning season, we will continue to talk on our broadcast. thank you, but if the

, well, in particular, for example, at the beginning of june, the national bank raised the discount rate to 25% immediately from 10 and the second is the policy of a fixed exchange rate of the american dollar, the ukrainian hryvnia to the american dollar, for a long time it was 29:25, then when the market rate was 36, then it became 35:56 and the market rate is actually in the money changers there, the cash entry is already up to the 41st of one hryvnia, are these the right steps or not, you just know, i don’t want to go into the details of ukrainian monetary policy uh, i think that crisis management is necessary at this time, and what to have some kind of classical liberal policy with a completely free course in a war situation, where huge uh, funds go specifically to defense needs, there are distortions in the budget, uh, ukraine is very dependent on infusions and they are abroad you can't do it right here. there is also a behavioral problem. let's say it's a problem of the economy. where the fears of the population and heating up a part of some owners of the same exchangers lead

he dragged his feet with the return and went as far as to say that the national bank took the collateralich were in collateral, and as a result, the bank deteriorated capital indicators worsened liquidity indicators well, in general, do you remember arrears, failure to fulfill one's obligations , this is already enough of a reason to send the bank to the guarantee fund, well, the banks themselves have a little bit another version and it will be interesting let's see how this story will develop, because the bank says that it has repaid everything. p. mikhailov, are there any threats to the depositors of this bank, in which situation have they found themselves, or can they get their money back? on the contrary, now, during martial law, all the sabers of individuals are guaranteed regardless of the amount, or rather it was uah 200,000, now the entire amount is completely guaranteed, that is, the bank holidays of the wealthy were in a good situation a little before currency depositors are in a certain worse situation, because they will be settled with them at the official exchange rate, it i

serhiy greetings the national bank of ukraine came out in support of the introduction of a 10% tax onhe purchase of foreign currency for import operations in ukraine , it is written about it economically, it is true, i have already seen many posts by economists and businessmen who do not agree with this decision, here are just some statements , i will analyze them very briefly, it means an expert kyiv - former president of kyivstar - petro chernyshov says that this is a shot at ukrainian industry, businessman ihor humennyi and whether humennyi says that this is a disaster for ukrainian high-tech exports economist mykhailo kukhar says that this tax was adopted in the interests of currency speculators well, yesterday i also saw the statement of the head of yagotynskoe derkacha that this also does not help business. the introduction is positive in fact this is a bad useful thing the solution is simple let's do it so there are economists who are economists who are independent who do not play politics they support the decision because they understand that this decision is simply necessary

all money collected will go to support the armed forces of ukraine in the national bank emphasized thaty coins, in particular, in denominations of 10 and 50 kopecks, are not used by ukrainians, but lie in piggy banks or pockets . there are more than 14 billion coins in circulation worth more than 5 billion uah. this is approximately 70 drones . byraktar and so far, this was all the news for this time, updated issue wait in less than an hour, watch espresso news and euroespresso programs for ukrainian refugees in europe on air on our channel, joint broadcast with the atn channel, radio svoboda programs, voice of america time-time programs, inclusion of public television journalists, bbc news ukraine and franz 24, as well as the broadcast of the information marathon, the only news together, we are the power of glory to ukraine, we continue our broadcast on the espresso channel, ihor shchurenda, hanna valevska 9/12 on the good morning clock, mykhailo nepran, the first vice president of trade and industry , joins chambers of ukraine and members of the ukrainian business council mykhailo, we

he dragged his feet with the return and went so far as to say that the national bank took the collateral for this loan, including those who were in collateral. and as a result, the bank's capital indicators worsened, liquidity indicators worsened. well, in general, on fulfillment of one's obligations is already enough of a reason to send the bank to the guarantee fund, well, the banks themselves have a slightly different version, and it will be interesting to see how this story will develop, because the bank says that it everything has been paid off by time mr. mykhaylov, is there any danger to the depositors of this bank, in which situation have they found themselves, or can they get their money back? well, it is precisely the depositors of individuals who are in particular who are not in danger. on the contrary, now, during martial law, all the pants of individuals are guaranteed regardless of the amount, or rather it was 200,000 hryvnias, now the entire amount is guaranteed , that is, wealthy people seeking a bank found themselves in a good situation, a little to a certain worse situa

, the depository of the national bank is resuming operations with state securities, this will reviveestments, experts say, in particular from various financial institutions, market players are calling to invest directly in government shares, government bonds well, as a motivation, the national bank postponed the application of tariffs for depository services information for financiers, read it in detail on the website of the national bank positive news for capital market players blood oil is looking for of buyers, russia became the second largest supplier of raw materials to india, according to the local newspaper economistiles, experts note that purchases have increased thanks to the kremlin's big discounts on its bloody barrels, in some places they reach as much as 30%. the official ideal is trying to take advantage of the situation while moscow suffers from sanctions and the refusal of the european union to buy resources for its oil refineries, the german siemens energy has begun to review its activities in russia to leave the aggressor country the company is going this was the la

the national bank of the devaluation period, not everyone understood and understands, of course, butid not have the task of heroically preventing devaluation. he had the strategic task is to finance the explosive growth of agriculture in belarus, which today bring us billions. and remember that wild inflation and devaluation of our currency. devaluation devaluation today, i can honestly say that at that time i was the chairman of the national bank petr petrovich prokopovich, where there is not enough, we will be published. without telling anyone about this, we, of course, printed money and gave it to projects. i say this to the fact that you appreciated and understood that at the cost of the efforts of everything the belarusian people, because the devaluation affected everyone when we created, uh, agricultural facilities with the price of the labor of the entire belarusian people. we created these projects and more about agriculture and again about a tractor that treats covid-19. since alexander grigoryevich again recommended the belarusians not to worry about the coronavirus, it is

who will become the president of the national bank and he asked everyone if there was at least one economistrom those present, and ernesto che guevara heard that he asked if a communist raised his hand he was elected president of the national bank and only then it turned out that he did not hear the question, but i realized that he was already when he was elected president of the national bank of cuba. it's true. this is not a joke, that's how it was this story fidel and che guevara himself told because he himself told this story the man had a rather cool sense of humor from irony itself. now let's fast forward from the revolutionary reality of the middle of the 20th century 200 years ago. the city was founded in the sixteenth century, but flourished in the middle of the 18th century, and for centuries the concept of freedom had many meanings for trinidad; for freedom , the inhabitants of the city fought in battles with english and dutch pirates, and those brought here from africa to sugar plantations dreamed of freedom slaves, and today the city is free from prejudices and the heavy past be

i understand correctly yes, we are talking about the reserves of the central team, because the national banke first months to maintain the stability of national currencies, again this stability is important so that we do not get hyperinflation in order to also currency stability, but in recent months a number of of decisions, why why did you mention that ukraine stopped, for example, yes, up to 365, because the actual reserves were shrinking. much smaller, but it remains and this tax is a very unpleasant thing for the economy , no one disputes it at all, it can increase the book economy, it will lead to an increase in the price of imported goods, this is all correct, yes, but these are minimal threats compared to what will happen if we lose macro-financial stability, good imports become more expensive, but uh well, let's put it this way , doesn't our own production benefit from this, or taking into account all the military conditions, we have big problems with our own production, and here if the priorities completely different, not with own production, own production is actually uh, ukrainia

and i am starting the decision of the national bank to ban the display of exchange rates on street stands, this is part of comprehensive measures, the head of the department for the protection of the rights of consumers of financial services of the national bank, olga lobaychuk, informed about this, such a step will help stabilization of the situation on the market, because the scoreboards at every step only encourage ukrainians to buy dollars at exchange offices, even when they are simply not needed due to such a thoughtless spontaneous buying foreign currency, citizens can experience financial losses, says the expert, and only provoke a shortage of dollars throughout the country, this is the comment , so if you do not see the exchange rate on the exchange board , go to the middle. if you really need dollars or euros, you will be told everything in detail there. ukraine this heating season will be rely mainly on own coal this was reported in the ministry of energy, there is already an approved plan, it provides that approximately 2.5 million cubic meters of cold should be accumulated at

why such large advertisements in hungary or in poland or in the czech republic, that is why the national bank seems to me to have made the right decision today, this segment of non-banking financial companies of the non -banking market is somewhere similar to the national banking market until the 14th year, that is, it has not yet been reformed. that is, tough reforms need to be carried out to improve this market . ukraine received 500 million euros of macro-financial assistance from the eu as part of the first tranche. the second tranche for the same amount is expected on tuesday. this was announced by prime minister denys shmagal, he reminded that 1 billion euros is part of the great package of support for ukraine in overcoming the financial consequences of the war, in general, the european union plans to allocate 9 billion funds, which will be directed to priority budgetary needs, ukraine exported electricity to the eu for more than uah 700 million, the head of ukrenergo volodymyr kudrytskyi stated this at a briefing. according to him, europeans began to receive ukrainian energy resources

, if i believe it, i expect a moderate devaluation, i am convinced that the government and the national bank have all the tools to it was a moderate and not a sharp galloping devaluation of the national monetary unit, maybe the last question, maybe the last one, look in the world, the reception is approaching, we all see that in china has problems with mortgages, not only the growth of china's economy has actually stopped, so i have problems in europe, in the united states. in short, there are problems in the world economy and that's for sure . the whole world is suffering, some are suffering because of sitting, and some are due to putin, and some are due to both of them, but this is a fact, what can we do or can we count on anything at all, bearing in mind that all the civilized countries around us can also have big crisis you are asking a question as a very experienced financial economic analyst time on the stock market now you are talking about the whole world now the developed world is waiting for the reception money has become a solution in the world well here to explain to people what

lower there, the cost price, no one knows what to do, who to sell to, no one knows and here the national bankthe discount rate and he says, er, the entrepreneur says that my commercial bank comes to me and says, i'm sorry, friend, i understand everything, but your loan is now calculated not at the rate of 11%, as it was. well, you have a rate of 25%. he says to by the way, i went to the bank and the watch said , look, the state understands the problems of real er business, so look, i don't like it, but if i understand economics, it 's impossible here, because there is inflation, er, the state prints money and if the rate is not raised, if people buy dollars, the initiation will be even higher. and what is inflation? it is more expensive than products for people. that is why it is necessary to approach this very flexibly. i build opportunities for of production, that is, what else is a park, and by the way, it is the economy of china with 30% of industrial parks , the economy of turkey and in poland, this is a plot of land. where are you ? all communications are there, light, water, gas and la

the national bank has launched a campaign for brave hryvnias. 12-year-old sofia and three-year-old hannusya brought savings to the bank that they had been collecting for two months. they usually have some lollipops here they put aside pennies as they see fit, well, the older one is already independent enough, she can manage herself, she has a certain amount of money for a month, she saved up for her father for his birthday, but her father went bankrupt, so she decided to give it to the needs of the army. and she wanted to buy a book. sofia is convinced that her savings are now needed by the army and buy a book for dad when he returns to the front, the girls found out about the action in the kyiv strata, because scouts who do not want to go to the bank branch offered to make a contribution collectively, you can hand over money through activity the population at the national bank even decided to increase the number of places where they will accept small change for the campaign. there, one, two, five and 25 kopecks can also be given to help the army within the limits of the campaign. which bra

, we are not aware of the fact that today it is and that is why in fact such a decision of the national bankl simply limit imports and make it more expensive for ukrainians and consumers, but instead when the national bank says that it preserves gold and currency reserves because that in order to keep that exchange rate of 29 and 5, he actually ate money from our gold and currency reserves of ukraine, but already this week one uh-uh job when from uh-uh july 21 to actually august 30 this week when did the exchange rate become 36.6 we can see that the national bank not only does not eat up the reserves, but even bought 1 billion dollars from the market and replenished the reserves today, they are already there on august 1, approximately 22 million uah will be healthier it will be even in war conditions i understand correctly i think that this i am convinced that the decision to introduce an additional import levy, even in the form of a military levy, is harmful to the economy and people, especially since we have goods that, unfortunately, are not produced in ukraine during the war. we are awar

well, accordingly, and banks they take this money from the national bank. in this way, along the chain, we see that the national bank continues to finance the budget, despite the fact that, interestingly, the minister of finance serhiy marchenko said that in august, ukraine received a record monthly amount of foreign financial aid of 4.6 billion dollars. why? should we place military bonds in a market way if we are already doing so well with external financial assistance, mr. mykhailo, let's continue hmm your conversation well, here it is worth distinguishing between the need for financing and what there were records, the fact that there were records does not mean that it is more than we need, it means that if there is a need for a statement of 5 billion 4.6 this is very good compared to the past well, in the end, but it is simply the need to finance the budget during a terrible war, accordingly, the ministry of finance needs to attract funds ts- within the market to raise the rate and that 's actually what happened at yesterday's auction, they attracted mo

from the beginning, from the traditional seven, this year it has increased to 20, and now the national bankout the possibility of an average increase in the price of goods and services in the country by more than 30%, so if the national bank is talking about it, it says that unfortunately, we with you, we will be close to that mark. and this will mean that we are still waiting for us in the autumn , food, fuel, and other expensive products, if we are talking about food. the same as we paid before, but there are many things that we pay, for example, in a specific place in a specific fat point, and just such services will grow, although some of them are tied, for example, to the minimum or to the average wage, for example, as cleaner and if wages are now frozen in our country, this will also affect the stabilization of, for example, a storekeeper according to such an article . foreign partners so far do not help us much to declare the declarations are very powerful for billions of dollars, but so far we see that every month you and i do not finance the army in the first place. and if so, sorr

today i can honestly say that then i owe orders to the chairman of the national bank petru petrovich i’ll give it a ride, where there’s not enough, we’ll print. without telling anyone about this, we, of course, print money and give it to agricultural projects. i say this to the fact that you appreciated and understood that at the cost of the efforts of the entire belarusian people, the devaluation affected everyone when we created, uh, agricultural facilities at the cost of the labor of the entire belarusian people. we created these projects and more about agriculture and again about a tractor that treats covid-19. since alexander grigorievich again recommended to belarusians not to bathe because of the coronavirus for the beginning is categorically important recall the original quote. lukashenka, people work on a tractor, no one talks about viruses. there the tractor will cure everyone; the field heals everyone. the key thing in this phrase is that no one is talking about viruses. that is, while a person is passionate about working on a tractor or just working, he does not have time

i said 80 billion, this is a mission e-e emission source, i.e. the printing press of the national bankbank and directly buys defense bonds of the ministry of finance and thus closes the budget. thus, in the e-e in the budget in the state budget a-a respectively and we just now have no other way out, in fact, that is, without an emission source, we simply do not have osb pay pensions , social payments, salaries, such others, and the third source is international financial assistance, i.e., non-refundable grants that go into the budget , that is, there are three main sources and, in principle, it is the equivalent of a deficit at the level of about 5 billion dollars a month, it can be slightly reduced due to the devaluation of the hryvnia. well, because rye expenses, they do not increase proportionally to the level of devaluation, well, they predict that according to the results of this year, there will be at least one trillion hryvnias deficit of the state budget. and what will it be in dollars? this is about international aid in the context of the next possible next program from the in

look, the national bank of ukraine printed 255 billion uah at the beginning of the war. in fact, this is the same printing press that we have to talk about repeatedly. we have the right amount of help from our partners and in order to cover the mandatory payments and we only spend about 130 billion a month on the war, we definitely need hmm at the expense of something to look for that money and the national bank actually buys war bonds from the ministry of finance, e-e. in this way, sending funds to the state budget is definitely not good. it is a driver of inflation, it is a lowering of levels, but during wartime, this is, unfortunately, no e-e way to close the deficit budget, that is, we will still have great hope that our partners will give us the necessary amount of funds so that the national bank of ukraine does not include the printing press . sell to survive if you have them. and if you don’t have them, it’s already sad, poor thing, it’s cold, and so on. we have such and such realities. thank you for the conversation and for the forecasts. oleg penzin, the economi

by the way , once again, the national bank was one of the first to make statements there.ow that today there is already a discussion about the new financing program of our state by the international monetary fund. there is great hope that this this year will start a new program of funding for the amf of our country, it will provide significant financial resources, on the one hand, and on the other hand, it is also a positive signal for other countries that our state, our state can to accredit in the conditions of war, thank you for the conversation mr. vasyl vasyl furman, doctor of economic sciences, joins our broadcast and we will continue with ivan usom, he remains in touch a-a p ivan e, do you remember about 3-4 weeks ago we forecasted the dollar exchange rate and in particular, it is 40 hryvnias, and now we can see the exchange rate in exchange offices. by the way, it is still forbidden to take it out, but in view of what mr. vasyl said, would you now advise buying dollars or ovdp? decides himself but i which three weeks ago your ether i said that i do not expect that

decisions with moscow indeed, at that time there was no such thing as the central bank of ukraine, the national bank of ukraine, and the ukrainian bank was very interestingly called the ukrainian republican office of the state bank of the ussr with all the relevant the consequences are more than that in the nineties, i'm sorry that i 'm in, but i remembered a beautiful interview, it's on youtube, serhii ripka, he was then a well -known businessman, he headed the then privatbank in the 90s, and he gave an interview to the authority of a well-known russian journalist, there was such a program in the program " gzlad " and "peak time." time, which just announced its independence , to which mr. serhii replied that of course it is possible if the emission center will be in kyiv, that is, if kyiv will control the economy of such an association, it seems to me that the answer was very subtle, already hinting at the fact that russia should not dictate its economic conditions to us. so, i still want to remind about the freedom of conducting business in the nineties , you could sit down for the fact that you c

payments are made to all holders of eurobonds, belarus, as well as sanctions that apply to the national bank financial agent of the belarusian government, the average salary in belarus in july is 1644 rubles. such figures resulted in the national statistical committee traditionally leading minsk in the capital. last month. employees received an average of 2266 rubles. this is followed by residents of the grodno gomel brest and completes the list of the vitebsk mogilev region, with regard to areas of activity, the highest incomes are among the employees of the company related to information and communication. this is over 4. in 1800 rubles. also, high salaries for workers in the fields of financial and insurance activities. in addition, industrialists and builders received higher than the national average wages. and now to the current exchange rates , following the results of the last trading on the stock exchange , the american currency fell in price for the euro, the chinese yuan, the russian ruble rose in price . so the dollar costs 2 rubles. 55 kop. euro 2 rub. 54 kop. for 10 yuan they as

the eu all the more fantastic claims this time distinguished the head of the national banks.apinsky, if earlier it was about the merger of the german states or the absorption of the gdr, that is, the former soviet occupation zone, then from the moment this task was completed, we are talking about the return in one form or another of their former lands, which are now within the polish borders in germany, exactly such an idea of ​​\u200b\ u200bbalance in europe of the future has developed for berlin, it is important that in such a scenario russia does not lose in ukraine, otherwise the project will collapse if it has come to this, then most likely in the national bank. poland has no money at all, but brussels does, but it does not want to give 35 billion tranche for post-covid recovery frozen due to bad behavior according to the prime minister of marovets, the franco-german intrigues are not otherwise the right of the strong. but this problem is solvable, at least from the point of view of the hungarian prime minister, viktor urban stated last week that as a result of the curre

yes, and by the way, pay attention to how the national bank justifies us, why not it is possible to impose because you need sanctions. well, you and the american justice system and the european ones, as well as absolutely everyone , yes, that is, canada. well, there is a very long list. that is, it will be difficult for us to find our partners who did not impose sanctions on alpha -bank, so our national bank says that a-a please note that this is a strategically important bank, many ukrainians keep their money in this bank, and in this bank there are accounts of individual state companies, that is, can you imagine where is some sur, that is, in the bank of a russian oligarch, many ukrainians keep their money , and because of this we cannot impose sanctions on this bank, but we can mention about him and about other things, we can also mention with you about the well-known mobile operator a-a cellular communication is national security, which belongs to the russian oligarch friedman. we can recall with you the latest news that helsi is a system where we make an appointment with a doctor, whe

well, at first the national bank forecast was 20-25%, now it is 30%. before a third of ukrainians dok and almost half of those who do not work do not receive any help. that means that millions of ukrainians may not survive this winter even if others will be warm, and therefore my proposal to give us all the opportunity to survive, well , first of all, with the doomed pepper of the population of pensioners in whose pension is 2,000, i would recommend such a program so that all ukrainians are 100% children pensioners received, as i would say, 100 dollars, somewhere around 3,000 uah 3,000 uah every month and those ukrainians who have enough money just offer them to transfer this money to arming the forces and, believe me, they will transfer 10 million and one and a half but such an action will allow ukrainians to survive, believe me , we are talking about millions people whose incomes were at a minimum and now they will fall by two times and who have more due to rising prices, unemployment and lower wages, loss of homes, property and everything else, in order to join you have to do as i

modern that they are not even in service yet, bundessphere, coins to help the ukrainian army, national bank launched a new charity project, brave hryvnia, within three months, you can hand in coins with a denomination of 10 and 50 kopecks, as well as 1-2/5 and 10 hryvnias, they will be accepted at oschadbank and pumba, all the money collected will go to support the armed forces of ukraine at the national bank emphasized that many coins, in particular, with denominations of 10 and 50 kopecks, are not used by ukrainians. they lie in piggy banks or pockets. more than 14 billion coins worth more than 5 billion uah are in circulation. this is approximately 70 drones. this action is a good opportunity to contribute . to victory even if it is 10 kopecks, send your coins to the front organize the collection of coins in your work groups among the residents of your district or house tell your friends about the action so that more people can join this initiative, so if you still have coins of 10 and 50 kopecks in your pockets and wallets, and maybe somewhere in your piggy bank, you can donate them to