The National Bank of Ukraine (NBU) continues to actively intervene in the interbank market in order to maintain the stability of the national currency. During the week from July 22 to 26, the NBU sold $785.14 million, while buying only $510,000.
According to NBU statistics, the volume of currency sales on the interbank market during this period amounted to $785.14 million, which is $165.06 million less than the previous week. As for currency purchases, during the week the National Bank purchased $510,000, which is $240,000 more than last week.
Since the beginning of 2024, the NBU has sold a total of $17.2 billion on the interbank market, while buying only $118.4 million. These data indicate a significant advantage of selling currency over buying it, reflecting the need to maintain exchange rate stability in the face of current economic challenges.
On January 25, the Board of the National Bank decided to leave the discount rate at 15%. This decision was justified by the need to further maintain exchange rate stability and moderate inflation in 2024, with the aim of achieving the target range of 5%.
The NBU switched from a fixed exchange rate regime to a floating exchange rate regime on October 3, 2023. This decision means that the official dollar exchange rate has begun to change, which was the first such step since July 2022.
For comparison, during the week from July 15 to 19, the National Bank of Ukraine sold $950.2 million on the interbank market, while buying only $270,000. This indicates a decrease in the volume of the NBU's foreign exchange interventions over the past week.
