This week, the National Bank of Ukraine’s (NBU) interventions on the interbank market rose to a record high since the start of Russia’s full-scale invasion of Ukraine – up to $1 billion 625.9 million, according to the regulator’s statistics.
According to the statistics, the central bank increased sales of foreign currency by 14.7% over the previous week without buying currency.
According to the data published by the central bank during this time, the negative balance between the volume of currency purchases by the population and the volume of its sales narrowed from $66.07 million to $61.54 million.
Since the beginning of December, the NBU’s interventions have already reached $4.90 billion, which is also a record high since at least the beginning of 2012. The previous record of $3.96 billion was set in June 2022.
In total, since the beginning of 2024, the amount of foreign currency sold by the regulator amounted to $34 billion 568.5 million, and $126 million was purchased. In 2023, the NBU sold $28 billion 829.7 million worth of foreign currency and bought back $219.9 million.
The official hryvnia exchange rate fell by 7 kopecks to 41.9403 UAH/$1 over the week, while the cash exchange rate strengthened by 16 kopecks both when buying to 42.10 UAH/$1 and selling to 42.15 UAH/$1.
In general, since the beginning of 2024, the dollar has risen in price by 10.4%, or UAH 3.93, at the official exchange rate, and since the National Bank switched to managed flexibility on October 3, 2023, by 14.7%, or UAH 5.37.
As reported, Ukraine’s international reserves in November 2024 increased by $3.344 billion, or 9.1%, and as of December 1, according to preliminary data from the central bank, amounted to $39.925 billion, while net international reserves (NIR) increased by $3.5 billion, or 15.6%, to $25 billion 939 million.
