monobank launched the announced sale of currency in the application at a “preferential” rate, and immediately raised the rate

03 August 2022, 15:27 | Economy
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On August 2, monobank launched the announced sale in the application of a non-cash dollar at a "

So, the co-founder of the bank Oleg Gorokhovsky last Friday announced the launch of the sale of currency in the application. At that time, the exchange rate was 37 UAH/$.

On August 2 at 19:33 he announced that the purchase of currency is already available in the application.

And after that, monobank raised the rate to 37.5 UAH/$. And in a few minutes - already up to 37.9 UAH/$.

Obviously, the bank was waiting for a rush demand for currency.

“In case of excessive demand, we reserve the right to stop selling the currency. We hope that this will not be needed,” Oleg Gorokhovsky wrote..

However, he subsequently clarified: “Wow! Demand is still weak.

Even later, Gorokhovsky admitted that the sale of foreign currency did not meet expectations..

" in two hours. Nothing,"

As of 10 am, August 3, since the launch of the sale, 6.5 thousand bank customers have bought currencies for almost $ 5 million. Average $770 per client.

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Recall, on July 21, the National Bank allowed citizens to buy non-cash currency in banks to replenish foreign currency deposits. This can be done within the limit of the equivalent of 50 thousand. UAH per month.

Until now, if we were not talking about importers, the currency could only be bought on the cash market: in non-bank, and later - in bank exchange offices..



Banks could sell currency to the population exactly as much as it was bought from them, so it was not always possible to find dollars or euros at bank cash desks. Non-cash transactions for the purchase of currency, including through applications, were prohibited.

Earlier, the National Bank has repeatedly reported that one of the key factors in the population's demand for foreign currency was the need for savings..

People bought dollars because of fears about the further depreciation of the hryvnia. These fears have been particularly exacerbated by the uncertainty associated with the war..




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