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In the last week of November, the NBU allowed the hryvnia to weaken to a new record low of ₴41.60 per $1, according to ICU. The total foreign exchange deficit last week increased due to increased demand on the interbank market. Net purchases for the four days of the week increased by 41% compared to the previous week, to $408M. In return, the NBU increased interventions by only 20% to $709M, allowing the hryvnia exchange rate to weaken to new

This conclusion was reached by the members of the Monetary Policy Committee of the National Bank of Ukraine on March 15, when they decided to keep the discount rate at 25%. It is noted that the high level of uncertainty associated with the further course of hostilities inhibits economic recovery and leads to the formation of lingering high inflationary and devaluation expectations. The panelists agreed that maintaining tight monetary conditions is necessary to maintain exchange rate stability, reduce inflation, and

This was almost 10 times the amount bought by the National Bank of Ukraine in the first week of June. On the supply side, high commodity prices – notably iron and grain – are flooding Ukraine with dollars. On the demand side, Covid controls are preventing many Ukrainians from expensive EU vacations this summer, forcing travelers to settle for cheaper package tours to Egypt and Turkey.

, Bohdan Danylyshyn, chairman of the National Bank of Ukraine, announced on the banks Facebook page. Since the start of April, Ukrainians bought $422 million more dollars than they sold, according to Central Bank figures. By comparison, the figure in March was $182 million. After Russia’s Defense Minister promised on Thursday to withdraw troops from positions near Ukraine, the hryvnia strengthened against the dollar by 0.5%.