The National Bank explained the prolonged growth of the dollar

The prices of the US currency in the interbank market are growing due to the expectations of devaluation of the business, they say in the central bank.

The dollar exceeded 28 hryvnia due to the fact that the company concludes agreements with the provision of foreign exchange in advance. Hello Tuesday, September 15, the head of the Board of the National Bank Bohdan Danylyshyn on Facebook for such a reason for the fall of the hryvnia.

“In the last days of the summer, the demand for non-monetary foreign currency has increased by bank clients in the interbank market, mainly term, which may indicate the strengthening of devaluation expectations of economic entities in a context of uncertainty with the spread of the COVID-19 epidemic and the possibility of introducing new restrictions. economic activity in Ukraine, “he said

At the same time, Danylyshyn says that the weakening of the hryvnia will have a positive effect on revenue to the state budget from foreign currency customs duties.

In addition, the weakening of the hryvnia will help balance macroeconomic indicators, says the head of the NBU Council.

“The National Bank so far refrains from intervening to sell foreign exchange in the interbank foreign exchange market, however, it actively monitors the state of the interbank market and, if necessary, will provide a sufficient supply of foreign currency to balance supply and demand in the market, “Danilishin added.

As a reminder, the NBU set the official dollar exchange rate at 28 hryvnia on September 15. The US currency has been appreciating for almost a month.

Note that the draft state budget for next year is calculated at the exchange rate of 29.1 UAH per dollar.

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