In Ukraine, the risk of rising inflationary pressures has increased due to expected increases in electricity and fuel prices.
In the interbank foreign exchange market last week, both demand for the currency and supply grew. Bohdan Danylyshyn, a member of the Council of the National Bank of Ukraine (NBU), announced this on Facebook on Wednesday, June 28.
“The parallel growth of demand and supply for foreign currency in the MVRU on the part of bank clients led to the maintenance of the net sale of foreign currency by the NBU to balance the market at $428 million (compared to $436 million a week earlier early. ),” he wrote.
Danylyshyn said that 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. As of June 1, 2023, Ukraine’s international reserves reached $37.3 billion, which increased by 4% over the month, he recalled.
Also, a member of the NBU Council said that the risks of increasing inflationary pressure in Ukraine are increasing due to the expected increase in prices for electricity and fuel.
Recall that since the beginning of 2023, the NBU has already sold about $12 billion in the interbank market. However, these costs are covered by international aid.
news Correspondent.net on Telegram. Subscribe to our channel Athletistic
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.