Page 12 - Ukraine OUTLOOK 2023

• FX and gross international reserves

Ukraine’s economy is not stable. Inflation has been accelerating
thanks to the monetary printing to fund the budget. Economist Adam
Tooze predicts that the hryvnia will be forced to devalue again in 2023
unless Ukraine gets more funding from its international partners.

The parallel, cash exchange rate is already running significantly higher
than the official exchange rate.

12 UKRAINE OUTLOOK 2022 www.intellinews.com