Devaluation of the grivna accounted for 48.7% last year owing to a decrease in an export turnover, capital outflow and civil war in the Donbas region.
At the same time, the Byelorussian ruble and the Kazakh tenge depreciated by 54.3% and 85.2% respectively because it was necessary to even balances of trade with Russia. In addition, a 33% decrease in the price of Brent crude made the central bank of Kazakhstan to go over to the floating rate of exchange in August 2015.
According to forecasts by Western analysts, oil will remain in a range of $50-60 per barrel (with occasional overshoots for technical reasons) until 2017. That is how long will take to destroy frackers, particularly in Canada and the United States.
No comments:
Post a Comment