former deputy chairman of the National Bank of Ukraine Alexander Savchenko said that at the hands of the Ukrainians 40 billion, and predicts the collapse of U.S. currency in a year and a half.

This Savchenko said in an interview with the left bank, noting that the dollars that people bought for UAH 8., they will sell 5 grn..

Commenting on the words of President Victor Yushchenko that the devaluation of the hryvnia - an objective process and that it is impossible to go against the market, Savchenko said: Yes, you can not go against the market. But the paradox is that the NBU is creating this market. It it a major player. He creates grivnevyie mass, and forms the supply of dollars.

When asked about the huge dollar-denominated debt of Ukrainian companies and the shortage of currency in the country, the financier said that about half of all so-called external debt - a debt themselves. These funds are derived from here, then plant as investments. If you take a payment balance, all of which are constantly told that it is negative ... It is not so, we have long been an excess of currency.

According to Savchenko, here we are misleading the method of calculation. Take, for example, for July - it took like 0.9 billion dollars. In this line is another line - out of currency from the banking system - 1.1 billion . dollars. This currency bought the citizens and companies and keep it from themselves. They did not send it abroad, because the methodology of balance of payments is that if people have bought a currency, then they should go abroad and spend it there. But we currency bought for another purpose - to hold her. So, in essence, we have a positive balance of payments is already very many months. In fact, should be a revaluation.

estimated ex-head of the NBU, in the hands of the population is now about 40 billion dollars. It sounds like science fiction, but after a year and a half rate will not UAH 7. And not even 5 UAH. If we just start a normal economic policy, all returns. But from the current crisis, people will be poorer than doubled. People will simply pass those dollars, and a large supply will lead to a revaluation. Click to continue »

European Union (EU) will check its acquisition of German automobile concern Opel Canadian Magna and Russia's Sberbank for the presence of political motives, reports Reuters.

appropriate statement today made the EU Commissioner for Antimonopoly Policy Neely Cres. We need to fulfill their duties and ensure that state aid does not intersect with political motives, - she said.

earlier demanded an investigation of the transaction Belgium. In particular, Prime Minister Joel Mielke stated that in the sale of Opel German government is clearly pursuing its own interests, trying to keep everything working at the automaker's plants in West Germany. Later, representatives of the European Commission announced its intention to consider the situation surrounding the sale of Opel.

Recall September 10, 2009 Board of Directors of General Motors approved the sale of 55% stake Opel consortium, which includes the Canadian Magna and Sberbank of Russia. Click to continue »

last week, according to analysts the company FOREX MMCIS group, the dollar fell victim to the tendency of investors to risk, which is reinforced by the opinion of market participants that the global economy is on the right track to recovery.

The dollar fell to nine-month lows against the euro and seven months lows against the Japanese yen and, according to analysts the company will continue to suffer from the downward pressure.

weaker dollar was preceded by the weekend on the occasion of Labor Day in the U.S.. After the return of investors on the currency market trading volumes started to increase. As soon as the momentum in the market began to be negative for the dollar character, followed by a massive fall in U.S. currency. As a result, the dollar index, which reflects the cost of the U.S. currency against a basket of six other major currencies, went up to 12-month lows.

Despite the dollar's decline, the general mood in the Forex market were optimistic. This was facilitated by favorable economic data from around the world. In such circumstances, investors allocate its assets, withdrawal of funds from the dollar and putting them in more risky instruments, including stocks, more lucrative currencies and commodities. Click to continue »