Business news from Ukraine

Business news from Ukraine

NBU net sales increase to $715 mln

21 January , 2023  

Net sales of dollars by the National Bank of Ukraine (NBU) increased to $714.9 million in the third week after falling slightly in the second week of the new year to $652.5 million from $674.7 million in the first.
According to the National Bank on its website, it bought $7.5 million from January 16 to 20, the same as usual buying volumes during the war, while it sold $722.4 million, up from $659.0 million a week earlier.
On the cash market, the dollar depreciated by about UAH 0.15 during the week to about UAH 40.35/$1, while the spread remained narrow.
As we informed, the volume of interventions of the National Bank in December increased to $3.16 billion from $1.57 billion in November and $2.03 billion in October.
International reserves of the National Bank in December increased by 1.9%, or $536.4 million to $28.491 billion due to currency receipts from international partners, which exceeded the NBU interventions to sell currency to support a fixed rate. For 2022, they decreased by 7.9%, or $2.45 bln.
Last year, the NBU bought $3 bln 268.0 mln and EUR111.0 mln on the market, and sold $26 bln 380.6 mln and EUR1 bln 789.1 mln.