The NBU reduced the volume of currency sales and raised the official dollar rate

On January 8, the NBU set the official exchange rate of the dollar at UAH 38.0775/$, while Friday interbank trading ended at UAH 38.15-38.2/$. The dollar rose by 0.2% during the week, and by 4.13% or UAH 1.51 since the transition to the managed flexibility regime.

Net sales of foreign currency by the National Bank in the first week of January amounted to $789.3 million, compared to $891.8 million in the last week of December. The volume of currency purchases by bank clients increased from a minimum of $56.52 million to $202.69 million on Wednesday, after which the NBU increased the official dollar rate by 0.08% or 3 kopecks to a record 38.1159 UAH/$. On Thursday, the demand for the currency decreased, due to which the hryvnia strengthened by 0.2% or 7 kopecks to 38.01412 UAH/$, but on Friday the dollar rose again by 0.1% or 3 kopecks to 38.0775 UAH/$ .

On the cash market on Friday, the dollar rose immediately by 1% to UAH 39.49/$, restoring the pre-New Year dynamics.

In total, in December, the National Bank's net sale of currency amounted to $3.57 billion, compared to $2.46 billion in November, $3.34 billion in October, and $2.69 billion in September.

This week, the US Congress will return to work, which must adopt the country's budget by January 19. Allocation of aid to Ukraine will contribute to the strengthening of the hryvnia exchange rate and the stable operation of the Ukrainian economy in 2024. Leaders of the US Senate and House of Representatives, Chuck Schumer and Mike Johnson, announced that they have reached an agreement on $1.66 trillion in funding for the US government, which will avoid a shutdown next year.