Since the beginning of the year, the regulator has sold more than $22.6 billion to maintain market balance, but only earned $210 million.
This week, on October 22-27, the National Bank of Ukraine sold $676.7 million in the interbank market and bought $1.55 million. This was confirmed by the regulator’s data on Saturday, October 28.
Thus, the volume of sales in the interbank foreign exchange market became slightly lower than in the last week of action, when $735.5 million was sold.
Overall, since the beginning of 2023, the NBU has sold more than $22.6 billion to maintain market balance, and has only earned $210 million.
According to the results of the week, the Hryvnia exchange rate on the interbank market strengthened by 0.1% or 3.2 kopecks – to 36.5 UAH/$1. In the exchange offices, the dollar fell in price even more – by about 10 kopecks – to the level of 37.99 UAH/$1.
As you know, on October 3, the National Bank introduced a regime of managed exchange rate flexibility. 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 sell and buy money at a free rate with no limit of 1% of the official rate in force since the beginning of the war. Taking into account the exchange rate in the interbank market, the NBU sets 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. Meanwhile, the dollar exchange rate has been declining for three days in a row.
Source: korrespondent
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