The National Bank of Ukraine warns that people could lose money due to fluctuations in the dollar exchange rate and speculation around it.\n\nThis was reported on Thursday by the NTN TV channel.\n\nAccording to the channel, the NBU considers the formed exchange rate to be inflated and warns against buying currency, which could later prove to be loss-making.\n\nThe National Bank also forecasts a decline in the cash dollar exchange rate in connection with the expected significant inflows of currency into Ukraine.\n\n"Significant inflows of foreign currency into the country are expected in the near future due to the privatization of Kryvorizhstal and the placement of domestic state loan bonds on foreign markets, which will contribute to a decrease in the buy-sell rates of cash foreign currency," the NBU notes.\n\nThe cash dollar exchange rate has risen by an average of 5-6 kopiykas over the past two days. That is as much as for the entire September.\n\nKyiv and Crimea became the leaders in growth. This is happening after demand for currency has dominated the interbank market for several days in a row and quotations there are rising to 5.09-5.17. However, bankers assure that this phenomenon is temporary and advise looking to the government.\n\nIn particular, the head of the NBU Council, Valeriy Heyets, stated: "It is important for us to understand how the government will correctly behave regarding these loans. Because if the loans are large due to the budget deficit, then everything will be balanced and then the exchange rate may remain at the previous level, possibly with some tendency toward its decrease."\n\nAt the same time, the deputy head of the NBU Council, Valeriy Alyoshyn, stated that the cash dollar exchange rate may continue to grow until the end of the year.\n\nAmong the reasons determining this movement, Alyoshyn first of all names "the reduction of the positive balance of payments surplus and the related decrease in the inflow of currency into the country."\n\n"At the same time, the growth of import volumes stimulates demand for currency. Now the country needs even more currency for the purchase of oil, the duty on which Russia raised from October 1," the channel specifies.\n\nHowever, Heyets notes: "The situation that exists today is such that the factors named by Alyoshyn are dominant. But to predict that they will remain so until the end of the year, there is no such confidence. Certain fluctuations will occur."\n\nAt the same time, the head of Ukrsotsbank, Borys Tymonkin, notes: "There is the balance of services, capital operations plus the sale of Kryvorizhstal, and to talk about a decrease in reserves is ridiculous. They will grow. And it will be easy for the NBU to maintain whatever exchange rate it wants."\n\n"There will be no cardinal changes. In the worst case – 5.25 maximum. Minimum – 5.15-5.10. The range of changes will be preserved," Tymonkin added.\n\n"As of today, the NBU does not renounce its words about supporting the national currency. On Tuesday, for the first time in 3 months, it enters the market with interventions and supports the hryvnia, as in the good old days," notes NTN.