Exchange rate: cash market quadrupled in June due to population

08 July 2022, 11:22 | Economy
photo Зеркало недели
Text Size:

The volume of currency sales by Ukrainians in June exceeded the volume of its purchase by $207.3 million, which is slightly lower than the May indicator of $262.2 million and the April $237.8 million, the National Bank reported..

It is noted that the "

Although the volume of transactions in the cash market quadrupled in June due to the removal of the ceiling on the selling price of foreign currency by the NBU. If in March-April banks sold to the population $72 million and $62.7 million, respectively, in May - $216.9 million, then already in June - $865 million.

The volume of purchases of foreign currency from the population on the official market in June increased even more - to $852.4 million from $188.6 million in May, $68.8 million - in April and $71.3 million - in March.

As a result, circulation on the official cash foreign exchange market in June already exceeded 40% of the pre-war level, while in the first months of the war it was less than 5%..

The volume of sales of non-cash currency decreased by an average of 2-2.5 times compared to the pre-war period, while the volume of purchases fell by almost two orders of magnitude..

At the same time, in June, bank customers began to buy significantly more non-cash currency than to sell: the "

In general, since the beginning of this year, the population has sold currencies for $497.7 million.

more than they bought, while bank customers, on the contrary, bought it for $5.7 billion. more than sold.

NBU interventions in June rose to almost $4 billion from $3.4 billion in May, $2.2 billion in April, $1.78 billion in March, $0.31 billion in February and $1.31 billion in January.

[see_also ids\u003d"

Recall that in June international reserves decreased by 9%. As of July 1, 2022, according to preliminary data, they amounted to $22,756.9 million.




Add a comment
:D :lol: :-) ;-) 8) :-| :-* :oops: :sad: :cry: :o :-? :-x :eek: :zzz :P :roll: :sigh:
 Enter the correct answer