Net sales of dollars by the National Bank of Ukraine (NBU) jumped to $560.1m this week from $242.9m a week earlier, the highest in eight weeks.
According to the NBU website, from April 17 to April 21, 2023, the purchase of foreign currency was again absent.
On the cash market the dollar went up during the week by 0.35 UAH – to about 38.15 UAH/$1.
Market participants connect the change of tendency to the concerns, caused by temporary ban on import of Ukrainian agro-products to Poland, Hungary and Slovakia, and also unstable operation of grain corridor, which questions its prolongation after May 18.
Since the beginning of the year, the NBU bought $62.3 million at the market, while it sold $8 billion 172.7 million.
As reported, the volume of interventions of the National Bank in March decreased to $1.67 billion from $2.43 billion in February and $3.08 billion and $3.16 billion in January and December.
Due to significant inflows of external financing, international reserves of Ukraine in March increased by 10%, or $3 billion – to $31.88 billion.
