The NBU this week sold 590.15 million dollars on the interbank foreign exchange market. and bought 1.04 million dollars.
.in_text_content_22 { width: 300px; height: 600px; } @media(min-width: 600px) { .in_text_content_22 { width: 580px; height: 400px; } }
Net sales of foreign currency amounted to 589.11 million against 405.75 million dollars. last week. This is evidenced by the data of the regulator.
In total, since the beginning of 2023, the National Bank has sold $16.207 billion on the interbank market. and bought 195.22 million dollars.
The NBU uses the sale of foreign currency from reserves, in particular, to contain pressure on the foreign exchange market caused by the issuance of the hryvnia. He also sells the currency to balance the market of exporters and importers to maintain a fixed rate.
In August, the NBU increased the sale of foreign currency from reserves.
During the week from July 31 to August 4, the NBU sold 460.31 million dollars on the interbank market. and bought only 2 million dollars.
From May 2022 to mid-July, until the devaluation of the hryvnia, the NBU sold almost a billion dollars a week, after the devaluation the situation stabilized somewhat, but the reason for the decrease in interventions was not only the devaluation, but also the decrease in the printing of the hryvnia, just in those periods there was a peak emissions.
Source: Racurs
I am David Wyatt, a professional writer and journalist for Buna Times. I specialize in the world section of news coverage, where I bring to light stories and issues that affect us globally. As a graduate of Journalism, I have always had the passion to spread knowledge through writing.