KIEV, Nov. 29 - Experts from the International Monetary Fund say that the Ukrainian hryvnia is about 8-13% overvalued, reads the IMF's country report for the 2012 Article IV Consultation.

The IMF says that the macroeconomic balance method suggests a moderate overvaluation, implying that the real effective exchange rate (REER) needs to depreciate by 13% to close the gap between the underlying current account balance (CAB) and an estimated equilibrium CAB.