THE VOLUME OF FOREIGN CURRENCY SALES BY THE NATIONAL BANK FROM JUNE 20 TO JUNE 24 HAS DECLINED TO 933 MLN

The volume of currency sales by the National Bank of Ukraine from June 20 to 24 fell to $933.02 million from $1 billion 55.6 million the previous week.

According to information from the National Bank on its website, it acquired $7.5 million last week, which is within the range of volumes for the past six weeks (from $5.5 million to $8.3 million ).

Thus, the net sale of currencies amounted to 925.5 million dollars, which is better than last week, but still a lot – it is the third largest volume of weekly interventions since the beginning of the war. .

As reported, the NBU raised the discount rate from 10% to 25% on June 3 in order to increase the attractiveness of the hryvnia and reduce pressure on the country’s international reserves. And earlier, from May 21, the National Bank canceled the upper limit of the rate of cash sales by banks in Ukraine and the rate of conversion of the hryvnia into foreign currency on their cards outside the country, and also halved the limit for cashing in hryvnia cards abroad – to the equivalent of 50 thousand .UAH per month.

These measures reduced the volume of interventions in the first half of June, but last week they increased again, exceeding the billion dollars for the second time since the beginning of the war.

At the same time, thanks to the measures taken by the NBU, the dollar exchange rate on the “black” market fell from 37.5 to 38.5 UAH / $ 1 with a significant reduction in the gap and almost equaled the rate of bank exchangers. Last week it was around 35.55-35.8 hryvnia/$1, this time the hryvnia rose slightly – to 35.4-35.6 hryvnia/$1.

As noted, NBU interventions in May reached $3.4 billion, compared to $2.2 billion in April, $1.78 billion in March, $0.31 billion in February and $1.31 billion in January.

Finance Minister Serhiy Marchenko previously predicted that Ukraine’s international financial support would increase from $1.5 billion in May to $4.8 billion in June. The country’s National Bank is also counting on such growth, whose international reserves in May fell by about $2 billion to $25.1 billion. $3 billion or more.

In total, from the beginning of the year to June 24, the National Bank bought 1 billion 848.6 billion dollars and 110.97 million euros on the market, and sold 12 billion 156.1 million dollars and 1 billion 789.11 million euros.

Including since the beginning of the war, the purchase of currencies amounted to 1 billion 191.7 million dollars and 110.97 million euros, and the sale to 9 billion 385.9 million dollars and 1 billion 789.11 million euros.

FOREIGN CURRENCIES, SALES