The sale of dollars from reserves decreased due to the decrease in the money shortage. The dollar’s exchange rate is depreciating.
Over the past week, the National Bank of Ukraine reduced the sale of foreign currency in the interbank market for the fifth time in a row. This was confirmed by data on the regulator’s website on Monday, February 5.
Thus, in the work week of January 29-February 2, the NBU sold $223.95 million. This was the lowest volume since the beginning of April 2023, when the NBU sold $125.34 million during the week of April 4-7.
Overall, since the beginning of 2024, the National Bank sold $2.638 billion in the interbank market and bought only $16.2 million.
Remind us that over the past week the official dollar exchange rate has strengthened to 37.57 UAH, and on the cash market the dollar is worth up to 38.15 UAH/dollar.
Earlier, the National Bank explained the improvement of the situation in the foreign exchange market. The exchange rate has responded to the balance of supply and demand – since the beginning of the year it has strengthened by 1.2%.
The NBU predicts the growth of the Ukrainian economy for three years
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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.