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Ukrainians prefer savings in foreign currency

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currencyThe Ukrainians, who have something to save, have recently preferred the foreign currency over the national. Thus, if in 2007 the ratio of cash savings was 9.4% at 4.6% of GDP in favor of foreign currency, in 2011 - 7.2% at 0.7%, tyzhden.ua.



() - "On the one hand, it indicates lack of confidence in the hryvnia and the possibilities of the central government authorities to maintain its stability. On the other hand - it should be understood that whatever the currency our compatriots choose, anyway it is "placed under the mattress", based on the economic circuit and reducing the potential aggregate demand, so the very fact of significant savings in cash indicates lack of confidence of citizens in the future," says the author of the article.

 




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