The national Bank explained why the cheaper dollar


The volume of net supply of foreign currency increased in January to $257 million Is the highest figure for the month of July 2017. Photo: kordon.in.ua

The appreciation of the hryvnia in recent weeks, indicating a change in the unfavorable seasonal factors, more favorable factors.

“Since the end of January on the interbank market increased the supply of foreign currency from customers while reducing demand for it. More than doubled, from 5.1 billion USD to 12 billion, increased revenues from non-residents participating in auctions of the Ministry of Finance on placement of government bonds in local currency. In addition, it restores the supply of currency from the agricultural enterprises after its seasonal decline in January,” – said the Deputy head of the national Bank Oleg Churiy reports the press service of the NBU.

He added that the currency market was influenced by an improvement in devaluation expectations. Also in the second half of January was increased supply of foreign currency from clients in the cash segment of the currency market. The volume of net supply of foreign currency increased in January to $257 million Is the highest figure for the month of July 2017.

“After the transition to floating exchange rate of hryvnia in 2015, changes in the dynamics of course are a natural for the currency market of Ukraine. He is characterized by a certain seasonality. Previous years show that the temporary adverse factors in the beginning of the year usually disappears for the rest of the year,” summed up Cure.

The national Bank of Ukraine on February 14, established the dollar at the level of UAH 26,69. This is 14 kopeks less than yesterday. The Euro rose 1 COP Today is 32,92 UAH. 10 Russian rubles worth of 4.62 UAH.

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