The National Bank of Ukraine (NBU) this week increased its net sale of foreign currency on the interbank market to $949.9m from $532.1m the previous week, according to the regulator’s data. According to them, the volume of currency purchases by the central bank remains paltry at $0.27m, while its sales rose to $950.2m.
Over the week, the official hryvnia exchange rate weakened to a record 41.4912 UAH/$1 from 41.0107 UAH/$1.
Since the beginning of 2024, the dollar at the official exchange rate has become more expensive by 9.2%, or by UAH 3.49, and since the transition of the National Bank on October 3, 2023 to the regime of managed flexibility – by 13.4%, or by UAH 4.93.
On the cash market, the hryvnia weakened by about 70 cents during the week. – To 41.95 UAH/$1.
According to the data that the NBU managed to publish during this period, from Monday to Thursday the negative balance between the volume of currency purchases and sales by households increased from $36.5 million to $52.9 million, following the weakening of the hryvnia.
Ukraine’s international reserves fell by $1.14 billion to $37.89 billion in June, according to the NBU’s preliminary estimates, while the National Bank’s net interventions totaled $2.99 billion, down from $3.07 billion in May.
NATIONAL BANK, NEGATIVE BALANCE
