The dollar on the interbank market started to rise in price despite the sale of government bonds and the tranche of the IMF

the participants of the interbank market expected the dollar on Tuesday will subside under the pressure of significant revenue currency after the long weekend and on the background of the auction on placement of t-bills.

However, trading was sluggish, with only a few large buyers of a currency to revive the market, causing the dollar exchange rate increased from 26.59/26,62 UAH/$ 26,645/26,665 UAH/$. The national Bank of participation in the tender is not accepted, as the demand and supply of currency was balanced.

At auction on 9 June, the Finance Ministry attracted to the state budget UAH 17.8 billion, reducing the rate of return on government bonds. In particular, government bonds in euros with a yield of 2.2% per annum and a maturity of 1 year was posted on 353.3 million €.

Among the proposed government bonds in national currency with the rates of return of 9-10,8% and a maturity of 3, 6, 9, 12 and 18 months, the greatest demand was observed for long-term 1.5-year-old paper, which the Ministry of Finance placed in the amount of UAH 5.7 billion under 10,8% per annum.

the Board of Directors of the IMF approved yesterday for Ukraine Stand-By program in the amount of $ 5 billion, for up to 18 months. This will allow Ukraine in the near future to 2.1 billion $ aid. The remaining amount will be divided into four tranches, which will be allocated on the basis of statements of the Fund on the fulfillment by the Ukrainian authorities.

Active attraction of foreign loans will support the hryvnia exchange rate and reduce inflation risks. According to Gostamsluzhby in may 2020, consumer prices in comparison with April increased by 0.3%, while compared to may 2019 inflation slowed to 1.7%.