The department assures that the situation on the foreign exchange market is under control.
The growth of the dollar exchange rate in Ukraine and, accordingly, the weakening of the hryvnia are due to seasonal factors, and the fluctuations are insignificant and will not affect the foreign exchange market.
This was stated in a commentary to the Interfax-Ukraine agency by Volodymyr Lepushinsky, Director of the Department of Monetary Policy and Economic Analysis of the National Bank of Ukraine.
“The situation in the non-cash segment of the foreign exchange market is stable. “The National Bank has enough tools and resources to maintain the stability of the foreign exchange market,” he said, adding that the National Bank maintains full control over the situation.
Lepushinsky noted that the stability of the hryvnia was confirmed in December, when, despite significant demand for non-cash currency in the context of seasonal growth in budget expenditures and business operations at the end of the year, the national currency weakened against the dollar by only 1%.
According to him, the situation in the cash segment of the foreign exchange market also remains under control.
“There is no shortage of currency or rush demand for foreign currency. The average daily volume of net purchases of cash currency by the population increased slightly – to $57 million in January 2025 against $54 million in December 2024,” he explained.
Earlier, Pyshny said that the National Bank of Ukraine would continue its policy of managed flexibility, but it was too early to return to a floating exchange rate. At the same time, the NBU will avoid sharp changes in the hryvnia exchange rate against the dollar.
