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Ukrainian Currency and Deposits: How to Protect Savings Amid Rising Prices and Currency
Recent events in the world and Ukraine have heightened expectations of devaluation and concerns about potential inflation. For Ukrainians, the current situation makes it more relevant to consider how to protect savings from depreciation and, if possible, earn additional income. The article discusses the current economic situation, including high energy prices, Russian attacks on critical infrastructure, rising military expenses, and a significant budget deficit for 2026, which exacerbates pressure on the hryvnia and creates doubts about inflation by the end of 2026 and 2027. The article also mentions that many Ukrainians are again actively buying foreign currency, considering dollars and euros as the most common and understandable way to protect their savings from devaluation and inflation. The article also notes that in the past, such tactics worked, with currency purchases during periods of currency appreciation providing an investment profit if the person could buy the currency during periods of currency appreciation and sell it during significant spikes in exchange rates.