The hryvnia on the interbank market remains under heavy pressure

In the last days of the week, the hryvnia on the interbank market remained under strong devaluation pressure, and only the intervention of the national Bank kept it on Friday from the fall.

Of the morning 28,15/28,17 UAH/$ rate by 11:00 rose to the level 28,17/28,19 UAH/$ with the clear intention to cross the mark of 28.20 UAH/$. After the Bank sold some of 28.19 currency UAH/$, the market calmed down, albeit briefly, as the infusion was too small.

After 12:00 rate rose to 28,17/28,195 UAH/$ with the intention to cross the border of 28.20, which forced the national Bank to negotiate with the sales currency for the same 28,19 UAH/$. Twice calming the market, the regulator has hinted that will not let the higher rate of 28.19 UAH/$.

it is Clear that the period of temporary lull in the interbank market ended. The approach of term of payment of the principal amounts of the VAT refunds would force the national Bank to use international reserves to support the course or agree to increase prices to 28.20 UAH/$ in the near future.

As of 12:00 national Bank set the reference rate at the level of 28,1847 UAH/$.