On August 27, the Ukrainian currency market came under pressure from new economic realities, which affected the exchange rates of major world currencies.
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Currency. Photo – CHIEF EDITOR
This was reported by the «NBN» with reference to Politexpert
The US dollar continues to rise in price, overcoming new barriers, and today its value reached UAH 41.35, compared to UAH 41.22 the day before. The euro, in turn, updated its historical maximum, reaching UAH 46.18, which is significantly higher than yesterday's rate of UAH 45.84.
The strengthening of the exchange rate of foreign currencies is associated with expectations of changes in tax legislation aimed at increasing the tax burden on the financial sector.
The proposed bill, which will soon be discussed in the Verkhovna Rada, provides for an increase in the profit tax rate for banks to 50% in 2024, which may significantly affect their financial stability. For non-bank financial companies, it is also planned to increase the tax burden to 25%, with the exception of insurance companies.
Against the backdrop of these changes, various banks in Ukraine offer different exchange rates. In PrivatBank, the dollar is bought at 40.89 hryvnia and sold at 41.49 hryvnia. Ukreximbank has set the purchase rate at 41.00 hryvnia, and the sale rate at 41.60 hryvnia.
In Ukrgasbank, the dollar can be bought at 41.20 hryvnia and sold at 41.60 hryvnia. Raiffeisen Bank has also joined the general trend, offering a dollar purchase rate of 41.10 hryvnia and a sale rate of 41.44 hryvnia.
Recall that we previously wrote about the exchange rate on August 26.