The Ukrainians have been told what to invest in: is it worth buying up dollars

Ukrainians who simply buy up foreign currency, including dollars, and keep it at home instead of buying domestic government bonds or opening a deposit are losing the value of these funds. After all, the NBU is interested in keeping hryvnia deposits and bonds attractive to households. That is, their profitability covered the annual devaluation of the hryvnia.

This was stated by Yurii Haidai, senior economist at the Center for Economic Strategy, DOU reports. He explained that keeping cash exposes money to other risks, which can leave the owner without any money at all. These include, in particular:

• theft;
• fire, etc.

"Buying government bonds or putting money on a deposit should be no less attractive than buying euros or dollars and putting them under your pillow. I don't understand why Ukrainians still buy foreign currency and simply keep it at home, beyond the amount of their "emergency stash". In this way, they lose the value of these funds due to inflation and are exposed to additional risks, such as theft, fire, shelling, etc.", said Haidai.

At the same time, he emphasized that if there is enough external financing next year, the National Bank will have no reason to depart from the managed flexibility regime. This means a smooth devaluation of the hryvnia under the NBU's control. That is, the exchange rate of foreign currencies including the dollar will grow.

At the same time, he emphasized that now is "a good time for business investment." After all, in certain industries, one can expect higher returns than from conservative deposits or government bonds.

However, the expert does not advise investing in real estate. The reason is unreasonably high risks.

"What I wouldn't invest in right now is in additional concrete meters to generate income. The level of risk and uncertainty is too high at the current yield," the expert said.

As reported by OBOZ.UA, no significant changes in the dollar are expected in Ukraine by the end of 2024. According to the banking sector, exchange rate fluctuations will occur in the current corridor of UAH 41.3-42, which generally coincides with the exchange rate calculations included in the state budget for 2024 (UAH 42.1 at the end of the year). Therefore, there is no reason to buy up dollars in the hope of making quick money.

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