Business news from Ukraine

Net sale of dollars by National Bank of Ukraine in first week of August rose to $458m

7 August , 2023  

Net sales of dollars by the National Bank of Ukraine (NBU) in the first week of August rose to $458.3m from $349.3m in the last week of July.

According to the NBU on its website, from July 31 to August 4, 2023, its purchase of currency slightly increased from $1.1m to $2.0m, while its sale increased from $350.5m to $460.3m.

At the same time, on the cash market, the dollar, which rose in price by 45 kopecks a week earlier, lost about 20 kopecks this week and at the end of the week was quoted at a rate of about UAH 37.40/$1.

In total, since the beginning of this year, the NBU has purchased $192.4m on the market, while it sold $14bn 741.4m.

As reported, the volume of the National Bank’s interventions in July rose slightly to $1.946 bln from $1.848 bln in June and $1.93 bln in May. However, international financial support amounted to about $4.4 billion last month. As a result, international reserves, which grew by 4.5% in June to a new historic high of $39.00 billion, will exceed this record at the end of July and, according to experts, will reach $41 billion.

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