Selling Naftogaz is a significant amount of currency reduced the dollar on the interbank market

2020-06-24 12:50:21
Machine translation
Selling Naftogaz is a significant amount of currency reduced the dollar on the interbank market

the dollar, which falls during the week, yesterday on the interbank market fell by 6 cents per of 26.64/26,66 to 26,575/UAH 26.6/$.

 

the Main reason for this consolidation was the sale of a significant amount of foreign currency by Naftogaz and its subsidiaries, to the end of July must transfer to the state budget taxes in the amount of 39 billion UAH.

 

As buyers is the amount of currency was not needed, the national Bank had three times to go to the auction and buy the excess, gradually reducing the price. First national Bank bought $ 20 million of 26.64 at UAH/$, and then $ 200 million on 26,60 UAH/$, and at the end of the active phase of the auction – another $ 200 million for 26,59 UAH/$, than kept the course from a sharp fall to 25.60 UAH/$ and has significantly expanded its gold reserves. The regulator is trying, and he a long time manage to do, to keep the exchange rate in the range of 26.5-26,8 UAH/$, which is good enough for both exporters and importers.

 

Increased pressure on the course of the next auction of the Ministry of Finance on placement of t-bills at 7,24-10.47% per annum, at which the budget has managed to attract UAH 6.2 bn. Were primarily sold securities with a maturity of 11 months at 10% per annum on the amount of 3.86 billion, and 20 months at 10.7 percent to $ 1.1 billion.

 

This year, Ukraine must pay foreign debts equivalent to $ 3.5 billion, and the internal 5.5 billion $ and the government will continue to borrow primarily through hryvnia bonds that will put pressure on the exchange rate despite the continuing decline of the economy.

 

the Volume of industrial production in may 2020 declined compared with the corresponding period last year by 12.2%, while in April the decline was 16.2%, and overall during January-may 2020 industrial production declined in comparison with the same period last year by 8.7%.

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