The National Bank of Ukraine’s (NBU) net sales of dollars in the second week of September jumped to $873.1 million from $302.3 million a week earlier, the highest level this year.
According to the NBU’s website, from September 11 to 15, its purchases of foreign currency fell to a meager $0.05 million, while sales jumped from $302.7 million to $873.1 million.
On the cash market, the dollar rose by 20 kopecks over the week, approaching the level of 38.2 UAH/$1. On Monday, Finance Minister Sergii Marchenko said that the draft state budget for 2024 includes an average annual exchange rate of 41.4 UAH/$1.
As reported, in August, the volume of the National Bank’s interventions increased to $2.364 billion from $1.933 billion in July and $1.798 million in June. At the same time, the volume of external financing in August decreased to $1.664 billion, so international reserves decreased by 3.2% to $40.387 billion from a record high of $41.72 billion.
In total, since the beginning of this year, the NBU has purchased $195.9 million in the market, while selling $18 billion 21.8 million.
