Overall, since the beginning of this year, the regulator has sold $26.95 billion in the interbank market, while buying only $218 million.
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Between December 11 and December 15, the National Bank of Ukraine sold $863.71 million and bought only $1.2 million. This was confirmed by the regulator’s data on Saturday, December 16.
The volume of sales in the interbank foreign exchange market increased by more than $300 million and became the highest in the past two months. The last time the NBU sold more currency was only in the first week after the switch to managed exchange rate flexibility in early October.
Overall, since the beginning of this year, National Bank has sold $26.95 billion in the market, while earning nearly $218 million.
According to the results of the week, the Hryvnia exchange rate on the interbank market weakened by 28 kopecks – to 37.0211 UAH/$1. At the same time, the main depreciation occurred on Monday-Wednesday, while on Thursday-Friday it was relatively stable.
The rate on the cash market this week repeated the movement on the interbank market, but not on such a scale: the Hryvnia only weakened by about 17 kopecks – to 37.55 UAH/$1, and the spread between the rates of the two markets is weakened again. .
We remind you that from December 1, the National Bank removed all restrictions on the sale of cash currency to the population. After that, cash and official rates began to converge. The regulator believes this will help stabilize exchange rate expectations and increase the stability of the foreign exchange market.
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.