The National Bank of Ukraine’s net sales of dollars this week decreased to $295.0mn from $393.9mn a week earlier.
According to the National Bank on its website, it bought $31.5 million from November 7 to 11, which is markedly more than the usual volume of purchases during the war ($7-8 million), while it sold $326.5 million, compared to $410.2 million a week earlier.
On the cash market, the hryvnia weakened by about 0.2 UAH per week, to about UAH 40.55/$1. However, the spread between the buying and selling rates remains narrow.
In October, the volume of interventions of the National Bank amounted to $2.03 billion, compared to $2.75 billion in September, $1.33 billion in August and $1.2 billion in July, and remains much less than in June ($3.96 billion) and May ($3.4 billion).
In total, since the beginning of the year to November 11 inclusive, the NBU bought $3 billion 210.8 million and EUR111.0 million in the market, while it sold $22 billion 244.8 million and EUR1 billion 789.1 million.
Since the beginning of the war the purchase of currency reached $2 billion 553.9 million and EUR111.0 million, while the sale reached $19 billion 474.6 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.
