An increase in currency offers strengthens the hryvnia exchange rate on the interbank market

Increased harvesting and good yield indicators will increase foreign exchange earnings from the sale of agricultural products in the current season, which is already observed on the market.

Last week, the volume of currency offers on the interbank market grew, and buyers restrained purchases in anticipation of a gradual strengthening of the hryvnia. On Friday, the dollar exchange rate fell from 27.15/27.17 UAH/. to 27.04/27.06 UAH/., and only the National Bank's purchase of 3 32 million stopped its further decline. In the first half of the session, the NBU bought foreign currency at a price not higher than UAH 27.06/., which restrained the exchange rate. However, after lunch, the dollar sank again, and the regulator was forced to lower the price to 27.04 UAH/..

Last week, the NBU said that the planned amount of interventions to acquire the dollar on the interbank market will soon be reduced from the current поточних 20 million to.5 million. Perhaps this caused concern to sellers, who decided not to wait for a decrease in demand from the National Bank and an increase in exchange rate volatility.

The Ministry of Finance of Ukraine reported that in the first half of this year, the general fund of the state budget received UAH 506 billion, or 105% of the plan. In particular, in June, revenues to the general fund of the state budget amounted to UAH 84.9 billion, or 107% of the plan. Borrowings to the general fund of the state budget in the first half of the year amounted to UAH 257.8 billion, which is 23.4% less than planned.

Thanks to the sale of government bonds, the budget attracted UAH 211.4 billion, including UAH 59.7 billion in foreign currency (доларів 1.7 billion and EUR 409.9 million). UAH 231 billion (100% of the plan) was allocated for repayment of the state debt in the first half of the year, and UAH 74 billion (94.5% of the plan) was allocated for its servicing, " the Finance Ministry said.

Earlier, the ministry reported that in 2021, Ukraine plans to spend UAH 468.4 billion on repayment of the state debt, and UAH 158.68 billion on its servicing. in particular, in September it is necessary to pay creditors UAH 101.77 billion.