The absence of the NBU on the interbank market has become a factor of speculative growth of dollar against the national currency by 2.2% for the week

2020-07-21 12:04:04
Machine translation
The absence of the NBU on the interbank market has become a factor of speculative growth of dollar against the national currency by 2.2% for the week

in the last week from 13 to 17 July, the national Bank of Ukraine intervened in the interbank foreign exchange market on the background of the appointment of the new head of the NBU became a factor in the sharp rise of the dollar from 27 to 27.61/27,63 hryvnia per dollar.

 

the Rejection of interventions recorded for the first time from September 2018.

 

a week before, the NBU interventions on currency purchase amounted to $ 92 million, and during the week from 30 June to 3 July, the regulator bought on the interbank currency market $169,8 million

 

In General, from the beginning of 2020, the national Bank purchased on the interbank currency of $3,977 billion and sold for $2,944 billion.

 

According to Kirill Shevchenko the new head of the national Bank did not go to the interbank market because they did not have grounds for this. "We don't see crossing thresholds course. Fluctuations are within normal limits. So we did not go to the market, because they saw no evidence of this”, — said Shevchenko.

 

Yesterday at a press conference Shevchenko also stressed that the national Bank will not change its policy rate. "The NBU policy assumes a floating exchange rate will remain unchanged," - he stressed.

 

 

No in the interbank trading, the NBU immediately used by speculators who continued to rock the course, and a sharp increase in the rate of holding back the sale of foreign currency earnings by exporters, which are also trying to earn at a high rate.

 

Active purchase of foreign currency from non-residents, who have withdrawn their capital, also put pressure on the course in addition to the increase in demand for currency from the population, which restored the demand for currency for trips on the sea in Turkey or Egypt, which opened for Ukrainian tourists.

 

According to analysts today, the NBU intervened in the auction and reduce the pressure on the exchange rate in addition to the auction on placement of t-bills, which will be held today.

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