The National Bank does not see a threat to market stability, because changes in the hryvnia have market preconditions.
The National Bank of Ukraine again sharply increased the exchange rates of the dollar and euro against the hryvnia after three days of decline. This was confirmed by data on the regulator’s website on Thursday, April 25.
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Thus, the official dollar exchange rate on the last day of the working week was set at UAH 39.6702 (+0.1986 UAH). In turn, the euro grew further and was worth UAH 42.5205 (+0.3372 UAH).
In the interbank market, the price of the American currency increased by 13 kopecks, at 39.63-39.67 UAH/dollar (buying and selling) compared to the previous day’s close.
And in the cash market, the dollar exchange rate increased by 5 kopecks, up to UAH 39.90.
Meanwhile, the head of the National Bank, Andriy Pyshny, does not see a threat to the stability of the market, because changes in the hryvnia have market requirements. He said this in a briefing.
“The changes (of the Hryvnia exchange rate, – edit.) that we currently observe do not pose any threat. This dynamic is completely safe and determined by market conditions,” he said.
He recalled that the market is currently in conditions of “managed flexibility,” which implies corresponding changes in the exchange rate under the influence of supply and demand.
“We are gradually returning to the standard parameters that existed before the war Yes, with the participation and presence of the National Bank, to protect the market from excessive fluctuations,” Pyshny stressed.
We remind you that the National Bank named the reasons for the recent increase in the dollar exchange rate. During the month, the exchange rate of the American currency repeatedly updated records.
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.