Business news from Ukraine

Net sales of dollars by the National Bank last week exceeded $0.5 billion

18 September , 2022  

Net sales of dollars by the National Bank of Ukraine rose to $510.7 million last week compared to $475.0 million a week earlier and $231.4 million two weeks earlier.

According to the information of the National Bank on its website, from August 12 to September 16, it purchased $17.5 million, which is 2.5 times more than the previous week, but sold $528.2 million compared to $482 million a week earlier.

This week, on the cash market, the hryvnia again weakened by about 50 kopecks, and its rate came close to the level of UAH 42/$1, while the official rate of UAH 36.57/$1 was fixed since July 21.

As reported, in August the volume of interventions of the National Bank in the market increased slightly – to $1.33 billion from $1.2 billion in July, but still remained much less than in June ($3.96 billion), May ($3.4 billion) and April ($2.2 billion).

Finance Minister Serhiy Marchenko said that in August the volume of foreign aid to Ukraine amounted to a record $4.6 billion since the beginning of the war, compared with $1.7 billion in July and $4.4 billion in June.

In general, from the beginning of the year to September 16 inclusive, the NBU purchased $3 billion 114.2 million and EUR111.0 million on the market, and sold $17 billion 862.8 million and EUR1 billion 789.1 million.

Including since the beginning of the war, the purchase of foreign currency has reached $2 billion 457.3 million and EUR111.0 million, and the sale – $14 billion 92.6 million and EUR1 billion 789.1 million.

The international reserves of Ukraine as of September 1, 2022, according to the NBU, amounted to $25.436 billion (in equivalent), which is 13.6% or $2.679 billion more than at the beginning of August. In July, the fall in reserves amounted to 1.6%, or $371.5 million, in June – 9.3%, or $2 billion 343.8 million.