In five months, the regulator sold nearly $11.3 billion in the interbank market and earned just $115 million.
This week, the National Bank of Ukraine sold the highest amount of currency since the beginning of the year – more than $1 billion – amid a record fall in the hryvnia. This was confirmed by data on the regulator’s website on Saturday, June 1.
Thus, in five working days, the NBU sold almost $1.1 billion in the interbank foreign exchange market, which significantly exceeded last week’s figure ($684 million). The regulator also bought $10 million – the maximum since the beginning of April.
In total, since the beginning of 2024, the National Bank sold almost $11.3 billion in the interbank market, and earned only $115 million.
Let us remind you that in the past two weeks the dollar has risen in price more than the Hryvnia. And in May its rate increased by 2.1% (from 39.66 UAH/dollar on April 30). Since the beginning of the year, the dollar has increased by 6.6% (37.98 UAH/dollar as of December 31, 2023).
Financial market participants believe that the main reason for the devaluation of the Hryvnia is the political decision of the NBU, whose time has come.
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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.