Exchange rate: the National Bank has reduced injections to strengthen the hryvnia at times

21 August 2022, 11:17 | Economy
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This week (from August 15 to 19), the net purchase of foreign currency by the National Bank amounted to $75.4 million. This is the third week during Russia's war in Ukraine, when the regulator bought more currencies than it sold. In addition, the purchase of foreign currency doubled - $197.8 million against $93.4 million a week earlier..

At the same time, the NBU sold 4.2 times less less - $122.43 million compared to $521.7 million? for the previous week. This is evidenced by the data on the website of the NBU.

Recall that for the first time a net purchase (when the purchase of the NBU currency exceeded the sale) was recorded at the beginning of the war, when the regulator stopped its sale. For the second time - after the devaluation of the official exchange rate on July 21 by 25% and a number of new restrictive measures.

However, according to the results of the three weeks of August, sales exceeded purchases - net sales amounted to $835.8 million..

Since the beginning of the year, the NBU has acquired $3.74 billion and 111 million euros on the market, and sold $16.18 billion and 1.8 billion euros. Since the beginning of the war, the purchase of foreign currency amounted to $ 2.4 billion and 111 million euros, and the sale - $ 13.

4 billion and 1.8 billion euros.

The indicator of NBU interventions began to decline last month. In June, it reached $3.96 billion compared to $310 million in February..

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Recall that the dollar exchange rate at the end of July was at the level of 40 hryvnia.. But experts predicted that the dollar could again fall in price under the influence of the actions of the National Bank, as well as an excess of non-cash currency..




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