The dollar continues to grow, despite strong sales of foreign currency by the national Bank

the exchange rate of the dollar on the interbank market is gradually growing, and to slow the devaluation of the hryvnia last week, the national Bank had to increase the sale of foreign currency reserves.

During 21-25 of September, the national Bank sold on the interbank market 160,5 million $ compared to 71 million $ a week ago, while purchases of foreign currency to replenish the reserves are not conducted.

since the beginning of the year, the NBU sold on the interbank market 3523,3 $ million and acquired 4509,4 $ million, resulting in net purchases of currency amounted to 986,1 million $.

Analysts predict a gradual rise of the dollar against the hryvnia in the coming weeks due to high demand for currency from importers.

For the week the official rate of the us dollar, set by the national Bank, increased by 0.5% from 28,11 to 28.25 UAH/$, while the supply/demand of the dollar on the interbank market rose by 0.4% 28,18/28,20 to 28.29/28,31 UAH/$.

Deputy Chairman of the NBU D. Sologub told that usually in the third quarter, the rise of business activity that leads to increased demand for currency and the growth of the dollar.

As of August 31, 2020 of public and publicly guaranteed debt of Ukraine amounted to 2,338 trillion UAH, or 85,1 billion $, in comparison with the figure at 31 July at more than $ 50 million, but less than 0.7% or by UAH 16.9 bn.

Continued strengthening of the dollar, forcing exporters to restrain sale of foreign currency, which increases the pressure on the hryvnia. If the national Bank will be able to stop the growth rate or turning it up to 28 UAH/$, the exporters are stepping up sales of the currency, but demand from importers is not yet too large, as the decline in business activity the trading volume on the interbank market remain low.