Whether strengthened the hryvnia on New year's eve?

2020-12-28 12:01:23
Machine translation
Whether strengthened the hryvnia on New year's eve?

After a sharp unexpected rise in the dollar on the interbank market last week with 27,828 UAH/$ to 28.44 UAH/$, the national Bank on the last trading day managed to stabilize the situation and even lowered the rate to 28.37/28, 4 UAH/$.

 

During 21-24 December, the national Bank to support rate sold on the interbank market at 43.1 million $. Overall, in 2020, the regulator bought on the interbank market 4929 million dollars and sold 3844,7 million dollars, resulting in net purchase of currency by the national Bank amounted to 1084,3 million dollars.

 

market Participants were expecting, about the auction of Treasury to sell government bonds in the amount of 22.2 billion UAH will lead to an increased supply of foreign currency from non-residents and a decline in the dollar, but he, on the contrary, for two sessions, rose by 40 kopecks.

 

the Reason for this growth can be the provision of 18 December, the national Bank refinancing for the 5 banks in the amount of 9.27 billion UAH with the term up to 84 days at 6% per annum, which the banks could be used to purchase government bonds. In addition, on December 24 the national Bank has decided to provide refinancing of two banks in the amount of 5.16 billion UAH with the term up to 84 days at 6% per annum. Thus the debt of solvent banks to refinance of the national Bank increased from 45.5 billion UAH on 1 December to 60.9 billion as of 23 December.

 

the Ministry of Finance of Ukraine on December 29 will hold another auction of government bonds, however, it is unknown whether to buy it hryvnia bonds non-residents and how to behave in the hryvnia exchange rate against increase in refinancing for banks.

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