With the hryvnia likely to depreciate, Ukrainians are faced with a choice of how best to protect and grow their savings. Experts say the last week of stability in the foreign exchange market may be coming to an end, making it even more important to make informed financial decisions.
An alternative to currency: investing in autonomy
Andriy Zablovsky, head of the Secretariat of the Council of Entrepreneurs under the Cabinet of Ministers, suggests considering investments not only in currency, but also in means that ensure autonomy in homes, in particular charging stations, fuel boilers or generators. This is relevant against the background of possible problems in the energy sector. “Dollars will not warm the house,” comments Zablovsky, “but a charging station or generator can be a valuable investment in times of crisis.”
Dollar cash: reliability in the long term
Financial analyst Andriy Shevchyshyn emphasizes that dollar cash remains an attractive means of storing funds, especially for long-term storage. According to him, the currency is highly liquid and easily accessible if necessary, which adds weight to it among supporters of “cash”. “Now is a good time to buy currency,” says Shevchyshyn, noting that dollar cash can help avoid risks associated with a possible devaluation of the hryvnia.
Hryvnia bonds: high interest rates and favorable terms
Oleg Pendzin, a member of the Economic Discussion Club, advises Ukrainians to pay attention to domestic government bonds (OVDP). He notes that bonds with a maturity of 3-6 months offer an attractive 15% per annum, which exceeds the yield of ordinary deposits. In addition, investors do not have to pay taxes on profits, which makes OVDP a profitable option for those who want to profit from the slow devaluation of the hryvnia.
Deposits: reliability of the hryvnia and new taxation conditions
Dmytro Zamotayev, Director of the Retail Business Department of Globus Bank, draws attention to long-term deposits with high rates, which are popular among depositors. Despite the increase in military duty to 5%, the total taxation of income from deposits has increased to 23%. This does not apply to deposits of military personnel, but does not reduce interest in deposits. Average rates reach 13% per annum, and under some programs - up to 15%, which provides reliable support for hryvnia savings for long-term depositors.
What to do now? Advice for Ukrainians
Experts advise to weigh all possible options, as currency fluctuations can affect financial plans. In particular, analysts recommend not to rush to sell currency, expecting that the dollar will increase in price by the end of the year. Instead, for those who are ready to invest in the national currency, a reliable choice is OVDP or high-yield deposits.
