The start of harvesting has not yet affected the dollar exchange rate on the interbank market

The start of grain harvesting in Ukraine has not yet affected the dollar exchange rate on the interbank market, which has remained stable at UAH 27.3/USD over the past week.

According to the Ministry of Agrarian Policy, 1.37 million rubles were collected in Ukraine as of July 09. tons of grain, including 1.04 million tons. tons of barley and 325.6 thousand tons of wheat, with an average yield of 3.93 t/ha and 3.15 t/ha, respectively, which confirms forecasts that the gross harvest may grow by 15% compared to last year.

Seasonal growth in sales of CX products usually creates additional currency inflows and a strengthening of the exchange rate. Over the past week, the NBU bought only всього 20 million on the interbank market., which indicates that the supply of currency does not yet significantly exceed the demand. In June, the positive balance of the National Bank's currency interventions amounted to 5 583 million.

In total, since the beginning of the year, the National Bank has bought 9 993.3 million and sold.169.5 million.

Tomorrow, July 13, the Ministry of Finance will hold another auction for the placement of 6 issues of Hryvnia domestic government loan bonds (government bonds) and one issue in US dollars, which will also put pressure on the hryvnia exchange rate, since last week's sales amounted to only UAH 1.5 billion, and the need for money is gradually increasing, because there is still a lot to attract before the end of the year.

In the second half of 2021, repayments in the national currency will amount to almost UAH 86 billion, and approximately UAH 108 billion more should be attracted to fulfill budget assignments.