Increased demand for foreign currency led to an increase in the dollar exchange rate on the interbank market

Since the beginning of the week, the dollar exchange rate on the interbank market has increased immediately by 18 kopecks to 26.42-26.44 UAH/. against the background of increased demand for foreign currency from importers and non-residents, as well as restraining sales of foreign currency earnings by exporters who received VAT refunds.

If last week the National Bank bought викуп 350 million to stabilize the exchange rate, then on Monday it was forced to sell.50 million at the rate of UAH 26.43/. to support the hryvnia.

Non-residents received Hryvnia from recently repaid government bonds and went to the interbank market to purchase foreign currency. Today, the Ministry of Finance must repay bonds and interest on them for another UAH 12 billion, some of which will be used to purchase foreign currency.

At yesterday's auction, the Ministry of Finance placed government bonds for UAH 17.2 billion, including Hryvnia bonds for UAH 6.8 billion.:

• for a period of 3 months – at 9.5% per annum,
• 1-year-olds – 11.50%,
• 1.5-year-olds – 11.57%,
• 2-year-olds – 12.46%,
• 3-year-olds – 12.56%,
• 6-year-olds – 13.10%,
• as well as 1-year government bonds at 3.7% in the amount of 3 395 million.

According to the state Treasury, UAH 370.74 billion was attracted to the state budget from January to September, including UAH 60.6 billion in September, while UAH 357.6 billion was repaid, of which UAH 74.6 billion was repaid in September.

For the three quarters of 2021, the state budget deficit of Ukraine amounted to UAH 39.8 billion. budget revenues amounted to UAH 924.48 billion, which is 5.3% or UAH 46.65 billion higher than planned and 20.8% higher than last year's figure. Budget expenditures amounted to UAH 960.8 billion, including UAH 827.9 billion for the general fund, against the plan of UAH 896.2 billion.

According to the Ministry of finance, at the end of September 2021, the total state and state-guaranteed debt amounted to the equivalent of UAH 2,445. 52 billion, or.92.02 billion, and compared to August decreased in the equivalent of UAH 39.8 billion, or. 510 million.

Good budget indicators and an increase in foreign exchange earnings from agricultural exports in the coming months will support the hryvnia exchange rate in the range of 26.2-26.5 UAH/..