NBU repurchases 314.5 million rubles. dollars to contain further strengthening of the hryvnia
Last week, the dollar exchange rate on the interbank market gradually declined and again lost 20 kopecks a week ago, falling on Friday to 26.10-26.12 UAH/..
The increase in the supply of foreign currency from state-owned companies increased pressure on the dollar exchange rate on the interbank market, especially on Thursday and Friday, but the National Bank of Ukraine (NBU) set the minimum level of buying the dollar at UAH 26.10, and bought out all the excess offers, which stopped the further strengthening of the hryvnia exchange rate against the dollar. However, the dollar exchange rate fell to the lowest level since March 2020 - 26.10 Hryvnia.
During the week of November 1-5, 2021, the NBU bought доларів 314.50 million on the interbank foreign exchange market, while the central bank did not sell foreign currency on the interbank market. Thus, the NBU increased the purchase of foreign currency on the interbank market six times compared to last week (from 5 54.50 million).
Since the beginning of the year, the NBU has bought 2 2,743.40 million on the interbank market and sold. 246.60 million. The balance of interventions amounted to +2496.80 million dollars.
The purchase of foreign currency by the National Bank on the interbank foreign exchange market continues to increase Ukraine's international reserves, which as of November 1, 2021, according to preliminary data, amounted to 2 29,654 billion.
In October, Ukraine's international reserves - foreign exchange earnings in favor of the government — were additionally increased by 1 1,144.9 million, including 588.7 million euros — a tranche from the European Commission, as well as 4 431.9 million-from the placement of domestic government bonds (government bonds).
The exchange rate for the coming week will remain under pressure from the supply of foreign currency by exporters of agricultural products, as producers finish field work and start selling and shipping products to ports more actively.
