The NBU named the reasons for the devaluation of the hryvnia

The hryvnia exchange rate has declined significantly over the past week as demand for foreign exchange outstripped supply.

In the interbank currency market over the past week, the hryvnia has depreciated by 0.5%. The head of the NBU Council, Bogdan Danylyshyn, said that the devaluation took place under the influence of the prevailing demand for currency. He wrote about this on Facebook on Tuesday, December 1.

Amid moderate pressure on the hryvnia exchange rate, the NBU abstained from trading in the foreign exchange market for the third week in a row, Danylyshyn noted, adding that in the currency market in cash in the second decade of November, the sale of foreign currency by the population exceeded the purchase.

“However, in general, according to the November results, the purchase of foreign currency by the population for the first time since the beginning of the year prevailed over its sale (net sales of foreign currency in cash by banks amounted to about $ 135 million), “wrote Danylyshin.

It should be remembered that the NBU almost did not go to the interbank market in November. In the last three weeks of fall, the central bank did not participate at all in the work of the interbank exchange market.

In addition, the bankers gave a six-month forecast for the financial sector. In most cases, survey participants are pessimistic about the outlook for the financial sector for the next six months.

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