The NBU has sharply increased the volume of currency sales against the backdrop of a record fall in the hryvnia. Over the past week, the regulator “threw” $949.9 million onto the market, which is almost twice as much as in the previous period — $532.36 million.
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Currency purchases for July 15-19 amounted to only $0.27 million. Since the beginning of the year, the National Bank has sold $16.4 billion from reserves and bought $0.12 bln.
Despite the interventions of the National Bank, the hryvnia exchange rate fell to a new historical minimum against the US dollar and the euro this week. The currency began to rapidly appreciate after the new easing of currency restrictions, which the National Bank announced on July 10.
The National Bank believes that the rate of weakening of the hryvnia in recent weeks may create additional risks for the stability of the foreign exchange market and, consequently, price stability.
Therefore, the National Bank is ready to take the necessary measures to ensure the stability of the foreign exchange market, which are necessary for further ensuring price stability.
- NBU Hryvnia Dollar Euro Currency