The foreign exchange deficit on the interbank market was cut in half



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The exchange deficit is cut in half

Photo: Reuters (archived photo)

The foreign exchange deficit on the interbank market was cut in half

Demand for foreign currency in the interbank market of Ukraine exceeds supply, said the National Bank.

In the interbank foreign exchange market of Ukraine, the foreign exchange deficit has been reduced by almost half compared to the previous week, from 207 to 114 million dollars. This was stated by the head of the NBU Council, Bogdan Danylyshyn, on Facebook on Thursday, October 8.

The interbank market continues to observe the predominance of demand over supply of foreign currency. At the same time, about half of the excess demand for foreign exchange ($ 58 million) comes from bank customer transactions on a “forward” basis.

Danylyshyn added that the volume of hryvnia government bonds owned by non-residents over the past week decreased by UAH 1.9 billion (2.3% or $ 68 million in dollar terms), “indicating an acceleration in the outflow of non-residents. residents of government securities denominated in national currency. “.

Let us remind you that new requirements will be introduced for banks in Ukraine. The Central Bank intends to introduce new requirements that will make banks more resistant to crises.

In addition, the NBU mentioned the main problems in the negotiations with the IMF. The IMF’s biggest concern is the deficit in Ukraine’s state budget and anti-corruption policy.

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