The amount of Ukraine’s international reserves remains sufficient to meet the country’s foreign currency needs and maintain stability in the foreign exchange market.
Last week, the supply of dollars increased significantly in the interbank foreign exchange market. This led to a reduction in sales of foreign currency from the reserves of the National Bank. Bogdan Danylyshyn, a member of the NBU Council, announced this on Facebook on Wednesday, June 14.
“A noticeable increase in the supply of foreign currency to MVRU by bank customers against the background of continued demand for it last week led to a decrease in the net sale of foreign currency by the National Bank,” he wrote.
According to him, to balance the market, the NBU sold $258 million compared to $457 million a week earlier.
Danylyshyn noted that today the volume of Ukraine’s international reserves remains sufficient to meet the country’s foreign currency needs and maintain stability in the foreign exchange market. As of June 1, international reserves stood at $37.3 billion, up 4% on the month.
In total, since the beginning of 2023, the regulator sold more than $11 billion in the interbank market, and bought only $146 million. The negative balance is just over $10.85 billion.
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Source: korrespondent
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