The amount of foreign exchange intervention by the National Bank has been minimal in the past three months.
At the end of August, the National Bank of Ukraine sold $2,679.3 billion in the interbank foreign exchange market, which is almost 20% less than in July ($3.316 billion). This was confirmed by data on the regulator’s website on Monday, September 2.
The volume of NBU foreign exchange intervention has been minimal in the past three months. In total, since the beginning of the year, the NBU has sold $20.165 billion in the interbank market. And last week, $646 million was sold.
At the same time, in August, Ukraine received a tranche of 4.2 billion euros from the EU and 3.9 billion dollars from the United States. So, since the beginning of the year, aid has reached $24.5 billion.
As a result, the costs of the NBU to support the hryvnia exchange rate are lower than financial assistance from the West. Therefore, Ukraine’s international reserves should increase in August.
We remind you that in July, Ukrainians bought a record amount of currency in almost 12 years – $2.775 billion. Net foreign currency purchases totaled $1.117 billion.
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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.