During the week, the hryvnia on the interbank market strengthened by 2%

Last week, according to experts ' forecasts, the dollar exchange rate on the interbank market accelerated its decline amid an increase in currency supplies from exporters and a decrease in speculative pressure from companies that withdrew assets due to the threat of Russia's invasion of Ukraine.

Active political, financial and military assistance from Western countries to Ukraine has made it clear to Russia that the price of aggression will be very high. This calmed the business and reduced the tension.

Last week, the EU provided Ukraine with 1.2 billion euros of macro-financial assistance, and the IMF allocated 7 750 million, which helped stabilize the hryvnia exchange rate. During the week, the hryvnia strengthened by 2% from UAH 28.70/. to UAH 28.13/28.11/..

It is worth noting that the National Bank last week was forced to tighten the requirements for banks ' reserves in order to reduce the free Hryvnia resource in order to avoid speculation in the foreign exchange market. This had a positive impact on the exchange rate, and already in the last days of the week, the NBU actively bought back excess currency, restraining the sharp strengthening of the hryvnia.

In February, the National Bank will raise the standards for banks to form mandatory reserves on current accounts in UAH from 0% to 2% and in foreign currency from 10% to 12%.

During January 31-February 4, the National Bank bought викуп 333.7 million on the interbank market and did not sell foreign currency, while in the period January 24-28 it sold.759.5 million and did not buy foreign currency. In total, in January, it sold 1 1,511.2 million and purchased. 353.7 million, receiving a negative balance of. 1,157. 5 million. Recall that in 2021, the National Bank sold 1 1,275.7 million, and acquired. 3,690. 7 million on the interbank market.

The Ministry of Finance on Tuesday, February 1, held an auction for the sale of government bonds, where it received an anti-record for sales over the past two years.

At the auction, it was possible to sell government bonds only for UAH 213.8 million, in particular:

• for a period of 6 months at 11.5% per annum in the amount of UAH 67 million,
• for 2 years at 13% in the amount of UAH 16.1 million,
• for 1 year at 13% in the amount of UAH 16.1 million.

At the same time, the Ministry of Finance did not raise the yield rates at auctions in 2022, which indicates confidence in the recovery of investor demand for Ukrainian government bonds in the near future.