KIEV, Aug. 13 – The devaluation of the hryvnia is linked to political, social and psychological instability in Ukrainian society, as there are no fundamental reasons for the weakening of the national currency to lower than UAH 8/$1, according to Oleksandr Savchenko, the deputy governor of the National Bank of Ukraine.

"[The current] exchange rate is a cost paid by the public, ordinary Ukrainians, for the chaos that we have in our country... In fundamental factors, the situation is close to a balanced one," he said on the Fifth TV Channel.