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Save, buy currency or invest: what to do with money during the war

by alex

Save, buy currency or invest: what to do with money in times of war< /p>

In a war, it is very difficult to predict the development of any events. This also applies to keeping one's own money.

Of course, every Ukrainian must decide for himself what to do with his own funds. However, just keeping the currency or the hryvnia is quite unreasonable. Yaroslav Zheleznyak, an economist and People's Deputy of Ukraine, said this to channel 24.

Where to invest

As Zheleznyak noted, today in Ukraine there is a trend of growth in deposits. Moreover, during the war, a law was passed stating that all 100% of deposits are guaranteed by the state.

In addition, we have military bonds, the yield of which is 16% in hryvnia and 4% in dollars. The people's deputy stressed that inflation in the United States would be at least 4%. So, if you convert the hryvnia into a dollar and just keep the money, 4% of this amount will be lost over the year.

Currency or hryvnia bonds are guaranteed by the state. Now there will be no change in their face value. It's a good investment, says Zheleznyak.

Other investments are more risky. “I would not advise people to take big risks in such times and invest in more conservative instruments,” said the People's Deputy of Ukraine. h2>

  • According to the calculations of the Ministry of Economy, the average annual dollar exchange rate is projected to be 42 hryvnias. Analysts suggest that at the end of 2023, the hryvnia will devalue to 50 hryvnia per dollar.
  • Today, Ukraine spends more money on the war – 130 billion hryvnia per month. And this is also one of the reasons why the hryvnia exchange rate is growing. However, experts reassure that we still have enough money, so there is no need to panic.
  • According to the NBU, next year the hryvnia against the dollar will be stronger than budgeted. However, the Ministry of Finance believes that a stronger hryvnia will not greatly affect state budget revenues.

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