The National Bank of Ukraine has every opportunity to pay off any crisis in the country. This publication “GORDON” said the financier, president of the investment group “Univer” Taras Kozak, commenting on the impact of coronavirus on the Ukrainian economy.
“The world has long had an expectation of a financial or economic crisis. Each crisis not only brings problems, but also clears the market of old companies. New companies, new people, new technologies come in their place. Capitalism is so arranged that crises occur at regular intervals And they haven’t been around for a long time. Therefore, a new crisis was expected in 2018–2019. It was assumed that the impetus would be the economic war between the USA and China. These two countries make up 40% of the world economy. But they were able to agree. Moreover, central banks development countries there have become very smart. There powerful computers analyze a lot of indicators, situations on raw materials markets, the state of economies, etc. That is, central banks have learned to predict changes, respond to the crisis before it begins. However, the unexpected happened – coronavirus. It’s the same black swan, ”the financier emphasized.
He noted that at the moment in Ukraine a good macroeconomic situation.
“The spread of the virus entails quarantine measures. People stop going to work and lose money. That means they will buy less goods and will not be able to pay off debts. This has a great impact on markets and economies. And this is a trend all over the world. In Ukraine, now everything it looks like it looked for Europe in mid-February. It seems like everything is raging in the world, and we are calm – we are closed, in quarantine. But we see a panic in the foreign exchange market. The population is sweeping dollars. And in a panic, people cannot think adequately. Another problem is arrival It’s hard to say how the whole situation will affect the Ukrainian economy, it’s hard to say. In general, the macroeconomics are in good condition, inflation is low, the NBU has huge gold and foreign exchange reserves. The National Bank can to pay off any crisis in Ukraine It’s another matter that we don’t have so much hryvnia to buy these dollars from the NBU, in which case almost the entire hryvnia would be taken out of circulation. And at the same time, the NBU would have left another $ 17 billion. That is, we have an airbag. The main thing is not to panic over the country, “Kozak summed up.
An outbreak of COVID-19 coronavirus infection began in December 2019 in Wuhan, China. On March 11, 2020, WHO announced the spread of the SARS-CoV-2 coronavirus pandemic.
On March 11, the Cabinet of Ministers of Ukraine imposed quarantine in educational institutions of the country and limited the holding of mass events, as well as stopped air communication with Italy and closed 75% of border checkpoints.
According to the American Johns Hopkins Institute, by March 13, the total number of infected reached 135 thousand, the number of victims was close to 5 thousand people.
In Ukraine, as of March 12, three cases of coronavirus infection were recorded; on March 13, one of the infected died.
Since March 12, the Cabinet of Ministers introduced quarantine throughout Ukraine. Restrictive measures will last three weeks – until April 3. On March 13, the National Security and Defense Council decided to close the borders for foreigners for two weeks.