Novak emphasized that there will not be a sharp increase in the value of the American currency next year. He attributed this to the significant gold and foreign exchange reserves of the National Bank, which have reached record levels due to international financial assistance. These reserves, which exceed even the most favorable peaceful conditions, will enable the National Bank to effectively regulate the currency market and prevent sharp fluctuations.
According to Novak, the likelihood of the exchange rate reaching 100 hryvnias per dollar is excluded. The state budget for 2025 includes a projected average annual exchange rate of 45 hryvnias per dollar. However, the economist forecasts that the rate will remain stable within the range of 42 to 45 hryvnias.
“It definitely will not rise to 100 hryvnias,” he stressed.
Additionally, he noted that high inflation is unlikely next year. As the purchasing power of the population continues to decline, demand for goods and services will remain low, which reduces the probability of significant inflationary pressure.