A new auction for the sale of government bonds has strengthened the hryvnia to 24.42 UAH/$

Auctions to sell government bonds, which the Finance Ministry traditionally holds every Tuesday, became a powerful factor in strengthening the hryvnia due to significant amounts of currency, which implement non-residents for the purchase of hryvnia bonds.

Due to the high demand the Ministry of Finance has reduced interest rates on two-year currency securities to 4.02% and three-year hryvnia – to 13.07%.

in General, yesterday's auction was placed t-bills in the amount equivalent to 10,897 billion UAH, in particular:

for the 12 months under of 13.74% for 524 million UAH,

for 3 years at 13,07% - to UAH 2,636 bn,

2 years currency under of 4.02% for 304,8 million $.

• for a period of 6 months by 14.1 percent year - on 264 million UAH,

Trading on the interbank market yesterday were quite active. After a public holiday Monday in the United States significantly increased the number of income external economic calculations, while non-residents sold foreign currency for participation in the auction.

the national Bank through the Matching system bought, according to experts, the excess currency in the amount of 35-60 million $, so in the end bidding stopped the strengthening of the hryvnia at the level of 24,415/24,44 UAH/$.

Today on the interbank foreign exchange supply again exceeds demand, as part of the currency following yesterday's auction will go on today's trading.

Experts believe that the trend of strengthening of the hryvnia is completed, because the Ministry of Finance plans to cut sales of government bonds, which will reduce foreign exchange earnings. Therefore, in the near future we can expect a return of the hryvnia to UAH 25/$.