Time to Change Dollars: Ukrainians Explained Where It Is Better to Invest Money.

Economist Serhiy Fursa enlightened Ukrainians about why it is unreasonable to keep money in dollars and where it is better to invest their savings. According to experts, one must be cautious regarding the American currency and consider other methods of protecting savings from inflation and crisis due to global economic instability. Serhiy Fursa asserts that the global economy is in uncertainty due to changes in US politics and economy, specifically due to President Donald Trump. His attacks on the Federal Reserve undermine trust in the dollar and US debt instruments.

The biggest problem with Trump is not even the trade war with anyone but the uncertainty he creates. The existence of the independence of the Federal Reserve is the foundation of the entire world economy, and Trump is attacking it. In doing so, he pushes people to distrust both American debt and the dollar, Fursa explained.

In the current conditions, the situation differs from previous crises when the dollar strengthened its position. Gold and the Swiss franc are becoming increasingly popular as means of preserving capital. Gold, in particular, is advantageous in times of uncertainty as its price reaches historical highs. The Swiss franc is still considered one of the most stable currencies due to the country’s neutrality and monetary policies. For Ukrainians who keep their savings in Ukraine, it is recommended to invest in hryvnia bonds and agricultural land. The earning from bonds amounts to 16% per year due to the National Bank of Ukraine maintaining a fixed exchange rate of hryvnia to the dollar. Investments in land are a traditional method of capital preservation in Ukraine, especially in times of war and economic difficulties.

However, Fursa warns about the careful attitude towards cryptocurrencies such as bitcoin. He considers them speculative and unreliable assets that depend on market sentiments. Unlike gold and traditional instruments, cryptocurrencies quickly lose value during crisis periods.

Thus, Ukrainians are advised not to keep their money in dollars but to consider other methods of investing and preserving their savings, such as gold, Swiss franc, bonds, and agricultural land.