Dollar at UAH 40: why the influx of money from the West does not hold back the course, and this week will be decisive

24 May 2022, 13:38 | Economy
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The currency coming from the countries that help Ukraine is mainly sent directly to the budget, being converted into the hryvnia, which, in theory, should have strengthened it, but so far it has not had an impact on the exchange rate. ZN experts told about it. U.A..

Firstly, the difference in exchange rates that has existed in recent weeks (interbank, banks and private exchangers) has led to the fact that a huge amount of currency has been concentrated precisely in " The so-called " A huge amount of currency turned out to be, in fact, on the shadow, and not the official market.. According to the NBU, the outflow of funds per day in recent weeks has exceeded $100 million.

Measures have been taken, banks have been allowed to accept currency at the market rate, but the effect of these measures will not be immediate.

At the same time, it should be remembered that exports from Ukraine have significantly decreased.. The foreign exchange earnings that experts receive are small and they save it, that is, it also does not enter the foreign exchange market.



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Recall that the National Bank lifted the restriction, according to which authorized institutions could sell cash foreign currency to customers with a deviation from the official rate of no more than 10%.

The Ministry of Economy of Russia is worried and believes that the strengthening of the ruble has already reached its limit. The Ministry asked the Central Bank of the Russian Federation to intervene. The ruble exchange rate is far from reality.




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