Last week’s declaration of martial law put minor pressure on the hryvnia
Wednesday, December 5, 2018

Last week’s declaration of martial law put minor pressure on the hryvnia

Last week’s declaration of martial law put minor pressure on the hryvnia. This was contained by the National Bank of Ukraine selling $125 million in foreign exchange for Ukrainian currency, ICU bank reports. Measured against the currencies of Ukraine’s 27 largest trading partners, the hryvnia declined 1.2% last week. Year over year, it was up 4.1%. ICU writes: “Our expectations are that hryvnia will be around UAH28.2/USD with a slight decline to UAH29/USD until the end of the year due to an increase in liquidity with larger budget expenditures, which can cause a decline in FX offerings.”

Previous post
Air passengers through Lviv this year are up 47% through November yoy, to almost 1.5 million

Air passengers through Lviv this year are up 47% through November yoy, to almost 1.5 million

Next post
Germany’s Ambassador to Ukraine does not see the EU applying new economic sanctions on Russia for the Kerch Strait naval attack.

Germany’s Ambassador to Ukraine does not see the EU applying new economic sanctions on Russia for the Kerch Strait naval attack.

Previous Main Topics