Foreigners bought 34% of the 8 billion hryvnia treasuries sold at auction last week

Monday, July 8, 2019
Foreigners bought 34% of the 8 billion hryvnia treasuries sold at auction last week

Foreigners bought 34% of the 8 billion hryvnia treasuries sold at auction last week, reports the National Bank of Ukraine. With this $100 million injection, foreign holders of bonds rose to UAH 60.12 billion, the equivalent of $2.34 billion. Since Jan. 1, foreign investment has increased in the treasuries, which carry interest rates of 17-18%. Partly due to this influx, the hryvnia has appreciated by 6.5% against the dollar this year. In Kyiv, some bank clients encounter a shortage of hryvnia when they try to sell dollars.

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