The rise of the dollar supports purchasing prices for grain

2020-09-07 12:02:50
Machine translation
The rise of the dollar supports purchasing prices for grain

Last week on the interbank market continued strengthening of the dollar relative to the hryvnia, but the national Bank did not intervene in the market, allowing him to find their own balance.

 

on Friday morning 27,68 UAH/$, the dollar quickly rose to 27.75 UAH/$, and after the increase in the supply of foreign currency from exporters dropped to 27,69 UAH/$. The further decrease in quotations has stopped the national Bank, which unexpectedly entered the bidding and bought the currency at 27,69 UAH/$, then of course lunch again increased to 27.73/27,76 UAH/$.

 

in the past week, the national Bank purchased on the interbank market of 11.5 million dollars, which is 6 times less than the previous week. Overall, in 2020, the national Bank purchased on the interbank market 4486,9 $ million, and sold 3291,8 $ million, so the net difference was 1195,1 $million.

 

This week the Ministry of Finance placed government bonds with a maturity of 392 days UAH 2.8 bn under of 9.29% per annum, and September 1, repaid the second series released in the restructuring of the 2015 bonds totaling $ 2 billion, of which approximately 1.69 billion $ made for the repayment of Eurobonds and 0.4 billion $ - interest on Eurobonds with a maturity of 2020-2027 G.

 

Prime Minister Dmitry Smigel announced that before the end of 2020 need to pay the equivalent of 44 billion UAH, which will not be critical for budget payment. Calculations carried out together with the national Bank and Ministry of Finance, has shown that this will not lead to fluctuations, which will remain stable at 27-28 UAH/$.

 

Ukraine fulfills its obligations under the agreement with the IMF, so the government hopes to receive two tranches of aid by $ 700 million before the end of the year. And in the near future to be held online-meeting of the mission of the Fund.

 

a Stable exchange rate in the next few months will intensify the sale of foreign currency by agroexporters because of the high rate support the purchase price of grain against the background of reduction of income of farmers due to yield reduction caused by drought in the Central and southern regions.

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