Ukraine's NBU interventions rise to $785.4 mln last week
MOSCOW. Dec 9 (Interfax) - Net sale of currency by the National Bank of Ukraine (NBU) on the interbank market last week from December 2 to December 6 increased to $785.4 million from $708.5 million a week earlier, Ukrainian media reported, citing the NBU's data.
The NBU raised currency sales 10.9% to $785.5 million, while purchases totaled $0.13 million after a two-week pause.
At the end of the week, the official hryvnia exchange rate went up by 14 kopecks to UAH 41.4446/$1, while the cash exchange rate edged up 7 kopecks for buying to UAH 41.70/$1 and by 8 kopecks for selling to UAH 41.4446/$1.
The official hryvnia exchange rate fell 0.9%, or by 37 kopecks, over the past month.
Overall, since the beginning of 2024, the dollar at the official exchange rate rose by 9.1%, or by UAH 3.44, and since the NBU switched to the managed flexibility system on October 3, 2023, by 13.3%, or by UAH 4.87.
As the data that the NBU managed to release for this period indicates, the negative balance between the volume of currency purchases by the population and the volume of currency sales narrowed from $86.7 million to $44.3 million from Monday to Thursday.
Ukraine's international reserves in November surged by $3.344 billion, or 9.1%, and as of December 1, 2024, according to the NBU's preliminary data, reached $39.925 billion, while net international reserves increased by $3.5 billion, or 15.6%, to $25.939 billion.
As reported, the NBU banned the use of foreign currency loans for the purchase of securities denominated in foreign currency and tightened the conditions for partial repatriation of dividends from November 20, 2024.
At the same time, the bank allowed Ukrainian companies to pay for imported goods without limiting the term of their delivery to Ukraine and allowed residents to transfer foreign currency abroad for settlements under international technical assistance projects, regardless of which country or organization funds such a project, from November 20.