The dollar on the interbank market again crossed the psychological level 28 UAH/$

On the back of news about the possible aggravation of the situation in Eastern Ukraine, the dollar on the interbank market at the end of the week rose by 16 kopeks to 28.02/28,04 UAH/$.

Last week, the dollar on the interbank market with the Monday 27,94/27,96 UAH/ USD fell to 27.84/27,86 UAH/$, and trading Thursday, and Friday quotes rose sharply, surpassing the psychological mark of 28 UAH/$.

Stop speculative growth rate could only operative intervention of the national Bank, which was forced to sell $ 50 million at the exchange rate 27,98 UAH/$, to stabilize the situation.

According to the NBU, during 29 March – 2 April controller sold on the interbank market $ 50 million, and did not buy a currency in this period, while in the period from 22 to 26 March, the national Bank do not buy or sell the currency. Since the beginning of the year, the NBU bought on the interbank market 290,5 $ million and sold 70 million $, and sale of foreign currency was only in March.

the growth of the demand for currency was not only the news of a possible escalation of the conflict in the East, but also reduce the volume of foreign exchange earnings, as most foreign banks on the occasion of good Friday has worked in lightweight mode.

According to Interfax-Ukraine, financial market participants expect that the rate of the hryvnia against the dollar after a decline at the end of March will grow in the second quarter due to increased sales of foreign currency by farmers before the start of the planting season and a strong demand for the Ukrainian government bonds by non-residents. In General, bankers believe that during the second quarter of the hryvnia exchange rate will remain in the range of 27-28 UAH/$.

Also it can support active negotiations with the IMF to revise the SBA program and accelerate vaccination of citizens, which is moving very slowly.