Since the beginning of the year, the regulator has sold more than $21 billion to maintain market balance, but only earned $208 million.
The National Bank of Ukraine this week, October 9-13, sold $575 million, but bought only $250,000. This was confirmed by the regulator’s data on Sunday, October 15.
Thus, the volume of sales in the interbank foreign exchange market was half that of the first week of exchange rate flexibility, when about $1.2 billion was sold.
In total, since the beginning of 2023, the NBU sold $21.2 billion to maintain market balance, and earned only $208 million.
Meanwhile, in the interbank foreign exchange market, the dollar exchange rate fell by about 25 kopecks in a week – to the level of 36.36-36-37 UAH/dollar.
The official NBU exchange rate has fallen by more than 20 kopecks over the past week and was 36.36 hryvnia per dollar on October 16.
We remind you that on October 3, the National Bank introduced a regime of managed flexibility of the exchange rate. Before this, since the beginning of the war, the regulator maintained a fixed exchange rate of the hryvnia to the dollar – first 29.25 UAH/dollar, and from July 21, 2022 – 36.57 UAH/dollar.
Now the banks will sell and buy money at a free rate without the limit of 1% of the official rate that has been in force since the beginning of the war. Taking into account the exchange rate in the interbank market, the NBU will set the official rate. However, the regulator promised to significantly limit changes in the exchange rate, preventing both a significant weakening of the Hryvnia and a significant strengthening. On October 6, the value of the dollar began to decline.
Source: korrespondent
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