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.
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.
Since October 21, Ukrainians have opened 2.5 thousand deposits with the purchase of dollars at the official rate of the National Bank of Ukraine (NBU) for a period of 6 months, followed by the mandatory sale also at the official rate, the NBU press service reported on Friday.
According to the release, the average deposit amount is $3.6 thousand, and the total amount attracted as of November 1 on such deposits amounted to $9 million.
“The NBU does not have targets for attracting such deposits by banks. Our goal is to stabilize and improve exchange rate expectations, reduce pressure on the hryvnia cash exchange rate and protect international reserves,” the press service of the head of the monetary policy department of the department of monetary policy and economic analysis of the National Bank Mikhail Rebrika.
As reported, since October 21, the NBU, in cooperation with banks, has allowed individuals to buy US dollars at the official NBU rate, followed by their placement on a fixed-term deposit in a bank and the mandatory resale of the purchased currency upon the expiration of the deposit at the official rate.
According to the report, the amount and number of such deposits for one client of the bank are not limited, and the interest rate on the deposit will be set in accordance with the interest rate policy of banks, the deposit term is from six months with the possibility of prolongation, but without the right of early termination.
Earlier, from July 21, the National Bank allowed the purchase of non-cash currency at commercial rates to place it on deposit for at least three months, but without the obligation to sell such currency upon completion of the deposit. At the same time, the volume of such deposits was initially limited to UAH 50,000, and recently the ceiling was raised to UAH 100,000 per month.
The National Anti-Corruption Bureau of Ukraine (NABU) has put three defendants in the Ukrgasbank (Kyiv) case on the wanted list, including the former head of the National Bank of Ukraine (NBU) Kirill Shevchenko.
“NABU is looking for three officials of JSB Ukrgasbank involved in the theft of more than UAH 200 million. We are talking about the ex-chairman of the board of Ukrgasbank, one of the deputies of Ukrgasbank and the deputy director of the department for working with corporate VIP clients of this state institution,” the press reports. – NABU service.
It is specified that, in addition to Shevchenko, the former head of the NBU, who previously held the post of chairman of the board of Ukrgasbank, Denis Chernyshov, deputy head of the board of the bank, and Olena Khmelenko, deputy director of the department for working with corporate VIP clients, have been put on the wanted list.
It is noted that they were notified of suspicion in early October, but in a special order, since the location of these persons was unknown. Since then, the suspects have ignored calls to the investigator, which is why they were put on the wanted list.
As reported, the anti-corruption authorities of Ukraine exposed the illegal activities of officials of the state-owned Ukrgasbank. Five main defendants in this crime were notified of suspicion, among which was Shevchenko.
According to the prosecutor’s office, it was established that the management of Ukrgasbank, having information about banking service agreements concluded with large customers, used it to steal money.
“For this purpose, bank officials ensured the conclusion of fictitious contracts with individuals and legal entities, who allegedly, being the bank’s “agents”, attracted large clients to it. For such “agent services”, the bank illegally paid “remuneration” to these persons on a monthly basis, “they explained then in the Specialized Anti-Corruption Prosecutor’s Office.
The investigation found that during 2014-2020. under this scheme, 52 fictitious agents were groundlessly transferred funds from the state bank in the amount of more than UAH 206 million.
On October 4, Shevchenko announced his resignation from the post of head of the NBU for health reasons. The Rada appointed him to this seven-year term on July 16, 2020, before that he headed the board of the state-owned Ukrgasbank.
On October 7, 2022, the Verkhovna Rada appointed Andriy Pyshny, ex-head of Oschadbank, to the post of head of the NBU.
On October 20, the National Bank of Ukraine fined IC Ekta (Kyiv) ODO for late provision of information and documents in full at the request of the regulator, according to the NBU website.
It is also noted that the insurance company must pay a fine (the amount is not specified – IF) within seven working days from the date of receipt of the relevant decision of the regulator to impose a fine.
The decision to apply the enforcement measure comes into force on October 21, 2022.
As reported, on August 19, 2022, the National Bank of Ukraine applied a measure of influence to the company in the form of a temporary suspension of licenses to carry out insurance activities for violation of mandatory financial standards (solvency, capital adequacy and risk of operations).
The regulator clarified that the violations were detected based on the results of the analysis of the reporting of the UK for the first quarter of 2022. The insurer had to eliminate the violations by September 20, 2022.
IC “EKTA” was registered in 2018 and specializes in risk insurance.
In the first half of this year, the insurer collected UAH 94.2 million of insurance payments and paid out UAH 6.5 million of insurance payments. The authorized capital is UAH 37 million.
Last week, net sales of dollars by the National Bank of Ukraine decreased extremely slightly – to $604.9 million from $608.5 million a week earlier, while in the previous two weeks they amounted to $862.0 million and $737.8 million, respectively.
According to the information of the National Bank on its website, from October 10 to October 14, it purchased $8.3 million, which corresponds to the usual purchase volumes during the war, while it sold $613.2 million compared to $615.7 million a week earlier.
In the cash market, the hryvnia strengthened by about UAH 0.3 over the week, to about UAH 40.7/$1, despite devaluation at the beginning of the week by about UAH 0.45 due to massive Russian shelling.
As reported, in September the volume of interventions of the National Bank amounted to $2.75 billion compared to $1.33 billion in August and $1.2 billion in July, but still remains much less than in June ($3.96 billion) and May ($3.3 billion). .4 billion).
In general, from the beginning of the year to October 14 inclusive, the NBU purchased $3 billion 142.2 million and EUR111.0 million on the market, and sold $20 billion 704.1 million and EUR1 billion 789.1 million.
Including since the beginning of the war, the purchase of foreign currency has reached $2 billion 485.3 million and EUR111.0 million, and the sale – $17 billion 933.9 million and EUR1 billion 789.1 million.
Ukraine’s international reserves as of October 1, 2022, according to the NBU, amounted to $23.93 billion (in equivalent), which is 5.9% less than at the beginning of September. At the same time, according to the new head of the NBU, Andriy Pyshny, as of October 7, they again exceeded $24 billion.
