The National Bank and the Cabinet of Ministers promise to try to revive the Hryvnia segment of the domestic debt market.
From the beginning of a full-scale war with Russia and until January 31, 2023, the attraction from the placement of domestic government bonds (OVGZ) at auctions reached the equivalent of UAH 306 billion. This was announced by the National Bank on Thursday, February 2.
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In particular, during this period, the government of Ukraine attracted from placing in auctions: 203.7 billion Hryvnia, $1.9 billion, 1 billion euros.
At the same time, 222.3 billion hryvnias, $2.7 billion and 662.6 million euros were allocated for the payment of government bonds.
In January 2023, the Ministry of Finance’s borrowings on the domestic debt market by UAH 44 billion exceeded its payments on government bonds.
The National Bank together with the Cabinet of Ministers promises to continue to work to revive the Hryvnia segment of the domestic debt market. To this end, the NBU has given banks the opportunity to cover part of the required reserves at the cost of benchmark government bonds, and the Ministry of Finance is gradually raising rates on hryvnia government bonds .
Recall that in October the Ministry of Finance placed government bonds at a record rate of 18.5%. In total, more than 17 billion hryvnias were placed at that time.
In the same month, the Ministry of Finance placed bonds at a low cost – only UAH 44.5 million.
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Source: korrespondent
I’m Liza Grey, an experienced news writer and author at the Buna Times. I specialize in writing about economic issues, with a focus on uncovering stories that have a positive impact on society. With over seven years of experience in the news industry, I am highly knowledgeable about current events and the ways in which they affect our daily lives.