The regulator has already made decisions that should increase the quantity of money supply and decrease the demand.
In the near future, fluctuations in the cash foreign exchange market of Ukraine are expected to decrease. This was stated by the Deputy Head of the NBU Yuriy Gelety, reports RBC-Ukraine on Friday, July 29.
According to him, the cash foreign exchange market reacted as expected to the decision to fix the official hryvnia exchange rate against the US dollar at a new level of UAH 36.56 from July 21, “as well as to any significant decision in the currency sphere by the regulator.”
“Such fluctuations have calmed down over time. The exchange rate of the hryvnia in the cash part of the market, even despite the war, changes in both directions, as evidenced by the dynamics of the market throughout the period of martial law,” he added.
Helety recalled that in order to reduce changes in the cash segment of the foreign exchange market and to stabilize the situation here more quickly, the National Bank made an important decision, which began on July 27. Accordingly, banks were able to increase supply of cash currency to citizens.
So, if before the changes this volume takes into account only the previously purchased money by banks in the cash segment of the foreign exchange market from April 13, 2022, now half of the redemption of non-cash money by banks from the population from the same date is added here.
Earlier it became known that the National Bank significantly reduced the net sale of foreign currency – up to 86 million dollars. This is the lowest level since early March.
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Source: korrespondent
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