The NBU continues to be a key market participant, using interventions.
In Ukraine, the structural deficit of private sector currency on the market is an objective characteristic of the work of the currency market during martial law.
Deputy Governor of the NBU Serhiy Nikolaychuk said this in an interview with Ukrinform.
Currently, the conditions are primarily characterized by a significant budget deficit, which is mainly covered by international assistance. Since mid-2022, the regulator has managed to significantly increase international reserves – from about $22 billion to more than $40 billion in certain periods.
According to him, international aid receipts are generally stable, and the NBU carefully spends international reserves, making efforts to ensure that hryvnia instruments are in demand.
“According to our forecast, by the end of this year, reserves will again cross this mark (US$40 billion), given the declared volumes of international aid,” Nikolaychuk clarified.
Recall that experts gave a forecast for what the dollar exchange rate will be until the end of 2024. It is noted that the general situation on the foreign exchange market will remain fairly stable and predictable.