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 it bought only $510,000.
According to NBU statistics, the volume of currency sales at the interbank during this period amounted to 785.14 million dollars, which is 165.06 million dollars less than the previous week. Regarding the purchase of foreign currency, the National Bank purchased 510,000 dollars during the week, which is 240,000 dollars 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, which reflects 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 maintain moderate inflation in 2024, with the aim of achieving the target range of 5%.
From October 3, 2023, the NBU switched from a fixed exchange rate regime to a floating one. The decision means the dollar's official exchange rate has begun to change, the first such move 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 it bought only $270,000. This indicates a decrease in the volume of currency interventions by the NBU over the past week.
