In Ukraine, the demand for foreign currency traditionally grows in December, and the regulator has significantly increased sales from reserves to cover its structural deficit.
Last week, the National Bank of Ukraine sold a record amount of currency from 2022. This was confirmed by data on the regulator’s website on Monday, December 22.
So, on December 16-20, the NBU bought only 200 thousand dollars in the interbank foreign exchange market, and sold 1 billion 417 million dollars. This is the highest volume since 2022, when the regulator sold $1 billion 424 million on May 23-27.
In Ukraine, the demand for foreign currency traditionally grows in December, and the National Bank has significantly increased sales from reserves to cover its structural deficit.
Overall, since the beginning of 2024, the National Bank sold more than $32.9 billion in the interbank market, and earned only $126 million.
We remind you that last week the hryvnia exchange rate fell significantly, and the dollar updated its historical record four times in a row. Only on the last working day the hryvnia partially recovered its position.
As you know, on December 12, the National Bank unexpectedly increased the discount rate. The regulator made this decision in response to inflation rising to 11.2% in November.
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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.