Hryvnia extends to strengthen on the interbank market

gradually strengthened the Hryvnia on the interbank market, the rate from 27.94-27,97 UAH/$ earlier in the week, strengthened to of 27.77-27,80 UAH/$ at the end of the week.

the Primary factors of strengthening of the hryvnia remain a significant level of foreign currency revenues and active selling of government bonds to reduce the budget deficit.

Usually the end of the month the exchange rate on the interbank market affect the revenue of exporters, which carry out current payments, and the amount of budgetary compensation of the VAT. Last week, the non-resident is actively accumulating the hryvnia on the eve of the next tranche of the placement of the Treasury bonds.

These securities are actively bought up for fear of reducing the yield of the following bond issues after a possible reduction of interest rates, as recently said the head of the NBU. Is to periodically increase the flow of currency, if the exchange rate will make foreign buyers.

Speculators tried to shake up the course, however, the market coped with the basic revenues and the national Bank even came out to the auction with the auction.

Active involvement of the Ministry of Finance in December loans to reduce the budget deficit led to an increase in the combined state (direct) and guaranteed debt of Ukraine by 4.77%, 3.56 billion or $ 78,32 billion $. In the hryvnia equivalent, the debt has increased by 2.17% or 46,15 billion to 2,169 trillion UAH.

While the state-guaranteed debt in December rose by 11.32% to 308,13 billion UAH or in USD by 14.15% to 11.13 billion $, and the public debt grew by only 0.8% to 1.86 trillion UAH or us dollars by 3.36% to 67,19 billion dollars.