Business news from Ukraine

Business news from Ukraine

NBU net sales of dollars dropped to $166 mln

19 November , 2022  

Net sales of dollars by the National Bank of Ukraine this week fell to $166.1 million from $295.0 million a week earlier.
According to the National Bank on its website, it bought $16.1 million from November 14 to 18, which is slightly higher than usual purchase volumes during the war ($7-8 million), while it sold $182.2 million, compared to $326.5 million a week earlier.
At the cash market, the hryvnia appreciated by about UAH 0.3 during the week to about UAH 40.25 / $1. The spread between the selling and buying rates remains narrow.
The National Bank’s interventions in October amounted to $2.03 billion, as compared to $2.75 billion in September, $1.33 billion in August, and $1.2 billion in July, and remain far less than in June ($3.96 billion) and May ($3.4 billion).
In total, since the beginning of the year to November 18 inclusive, the NBU bought $3 billion 226.9 million and EUR111.0 million in the market, and sold $22 billion 427.0 million and EUR1 billion 789.1 million.
Since the beginning of the war the purchase of currency reached $2 billion 570.0 million and EUR111.0 million, while the sale reached $19 billion 656.8 million and EUR1 billion 789.1 million.
Ukraine’s international reserves as of November 1, 2022, according to the NBU, amounted to $25 billion 244.2 million (in equivalent), which is 5.5% more than at the beginning of October.

, ,