HomeEconomyThe NBU explained why...

The NBU explained why the cash dollar is becoming more expensive

Photo: Athletistic

Over the past week, the American currency has risen in price by 2-3 hryvnia, approaching 37 hryvnia per dollar.

The growth of the dollar cash exchange rate of several hryvnias in the past week was associated with currency restrictions introduced after the start of the war. This was announced by the head of the National Bank Kirill Shevchenko, wrote Ekonomicheskaya Pravda on Friday, May 20.

function news4479670() {
$.get(‘//’ + window.location.host + ‘/ajax/module.aspx?spm_id=444&id=4479670&lang=2&IsAjax=true’, function (data) { $(‘#nk4479670’).html(data); });
}

news4479670();

Thus, from May 13 to May 19, the dollar exchange rate at exchange offices rose from UAH 34.2–34.5 to UAH 36.5–37.5.

“In particular, the conversion of funds from hryvnia accounts in the banking system into cash is prohibited in Ukraine and significantly limited abroad. As a result, in the cash segment of the foreign exchange market, the existing currency deficit leads on a weakening of the hryvnia, “Shevchenko explained.

According to him, the demand in the cash market is formed mainly for the speculative incomes of the population, to finance gray imports, as well as the transfer of savings in foreign currency.

The head of the NBU said that the central bank intends to weaken the trend of hryvnia devaluation in exchange offices, especially by lifting a number of restrictions on currency trading of banks, in particular , removal of restrictions on the cash currency sale rate of banks. . “This will help increase the liquidity of the cash segment of the foreign exchange market and stabilize the situation here,” Shevchenko said.

Recall that the official dollar rate remained at the level of 29.25 hryvnia until the end of the war with Russia.

At the same time, the NBU is considering returning to a floating exchange rate, but after meeting a number of requirements.

Source: korrespondent

- A word from our sponsors -

Most Popular

LEAVE A REPLY

Please enter your comment!
Please enter your name here

More from Author

- A word from our sponsors -

Read Now

Real name or stage name? BTS opens up about their preferences

In one of their interviews, the members of BTS revealed the way they prefer to be called by their fans. Find it out!In the artistic world, many celebrities end up deciding to adopt other names to be recognized in their careers, leaving the way they were...

How did the phrase “I Purple You” come about?

Discover how it was created and what the meaning of the phrase "I Purple You", frequently used among fans and members of the group BTSBTS was created in June 2013 by BIGHIT Music (at the time, Big Hit Entertainment), existing for more than a decade, but gaining...

Creative director who was with BTS’s V reveals what it was like working with Min Hee Jin

STUDIO MAS FRUTA co-founder, who worked with BTS's V, shared her opinion on ADOR CEO Min Hee Jin; look!Last Wednesday, the 22nd, the creative director of her latest solo album Vfrom BTS, and co-founder of STUDIO MAS FRUTA, shared through social media her opinion about working...

5 hilarious moments from k-pop idols

Remember some hilarious moments that have happened to different K-pop idolsIn our daily lives, it is extremely common that, unintentionally, things end up getting a little out of control, or that unexpected situations end up arising that create hilarious moments that are remembered by you and your...

The satellite took a photo of the sinking site of the Russian Cyclone

The Russian missile ship "Cyclone" was destroyed by the Ukrainian Defense Forces. .in_text_content_22 { width: 300px; height: 600px; } @media(min-width: 600px) { .in_text_content_22 { width: 580px; height: 400px; } } . Satellite images from the impact site appeared online. The photographs show the site of...

After winning “The Masked Singer”, Vanessa Hudgens makes reference to High School Musical

Vanessa Hudgens, actress who played the protagonist in High School Musical, made reference to the film after winning the show The Masked SingerVanessa Hudgensan actress who was the big winner of the show The Masked Singer in the United States, made a reference to High School Musical...

The man who shot Fico spoke about the motive and remembered Ukraine.

Juraj Cintula, who attacked the Prime Minister of Slovakia Robert Fico, had been preparing the assassination attempt for two days. .in_text_content_22 { width: 300px; height: 600px; } @media(min-width: 600px) { .in_text_content_22 { width: 580px; height: 400px; } } . The pensioner did not agree with the...