The hryvnia’s fate: Experts provide their forecasts. Bankers, households, and financial analysts expect the dollar to the hryvnia exchange rate to rise over the next 12 months. Banks predict that the exchange rate will be ₴44.92 per $1, which is higher ... #CurrencyMarket #financeUkraine #hryvniaexchangerate #HryvniaRating #nbu
Ukrainians have bought the equivalent of 33% of Ukraine’s international aid for their savings. The purchase of foreign currency by the Ukrainian population has increased by 250% compared to the previous year. In the last 12 months, the population bought foreign currency worth $10.6B, including ... #BohdanDanylyshyn #CurrencyLiberalization #CurrencyMarket #CurrencySale #financeUkraine #nbu
Ukrainians are increasingly buying foreign currency. The NBU had to increase interventions to a three-month high. According to ICU analysts, demand for foreign currency among Ukrainians remains at a very high level and is forcing the NBU to sell large volumes of it from its international reserves to maintain the ... #currencyexchange #CurrencyMarket #financeUkraine #nbu
The necessary conditions for further discount rate reductions in Ukraine are no longer present. Thanks to favorable macro-financial trends, the National Bank of Ukraine has reduced the discount rate from 25% to 13% in one year. However, the NBU does not currently see further prerequisites for lo... #CurrencyMarket #financeUkraine #InflationinUkraine #InterestRate #nbu #UkraineEconomy
Due to debt repayment, Ukraine’s international reserves decreased by 2.9% to $37.9B. As noted by the National Bank, June’s dynamics were caused by the NBU’s currency interventions to cover the market’s currency deficit and smooth out exchange rate fluctuations and th... #CurrencyMarket #internationalReserves #nbu #ukrainedebt #UkraineDebtRepayment #UkraineFacility #worldbank
What does the NBU think about the new easing of currency restrictions and the return of currency extortion? NBU Chairman Andriy Pyshnyi said: “Our decisions are fully in line with our declared strategy of easing currency restrictions, transitioning to greater exchange rate flexibility and returning to... #AndriiPyshnyi #CurrencyLiberalization #CurrencyMarket #CurrencyRestrictions #financeUkraine #nbu
The NBU has introduced its largest package of measures to ease FX restrictions. Most changes came into effect on May 4, but the ability to repatriate new dividends will begin on May 13, 2024. It is emphasized that these changes aim to improve the conditions for conducting busines... #AndriiPyshnyi #CurrencyLiberalization #CurrencyMarket #financeUkraine #nbu
Ukraine increases its international reserves to a new record. Ukraine’s international reserves grew by 18% in March and amounted to $43.8B on April 1, the National Bank reported. The regulator explained that the increase is due to the volume of income from... #CurrencyMarket #imf #NationalBankReserves #nbu #UkraineBudget2024 #UkraineFacility #worldbank
The NBU predicts the stabilization of Ukraine’s FX market. The National Bank has reported that the upcoming arrival of international financial assistance should contribute to maintaining the stability of Ukraine’s foreign exchange market. As noted in th... #CurrencyMarket #financialaidforUkraine #nbu #UkraineBudget2024 #UkraineFacility
The currency deficit in Ukraine has increased by 100%. The hryvnia fell to record-low levels but later stabilized. Last week, the National Bank increased the sale of dollars from reserves in connection with the growing currency deficit. The dollar rate in... #CurrencyMarket #CurrencySale #financeUkraine #hryvniaexchangerate #nbu
During the war, the exodus of foreign exchange from Ukraine increased by 100%. The NBU plans to gradually abolish currency restrictions, but at the same time, asks businesses to return foreign exchange revenues on time and in full and avoid fictitious import schemes, said NBU Ch... #AndriiPyshnyi #CurrencyMarket #CurrencyRestrictions #financeUkraine #nbu
Here are the reasons for the slowdown of inflation in Ukraine and new risks for an opposite trend. Several factors influenced the slowdown in inflation in January of this year. For example, aggregate demand has decreased significantly – by 25% compared to before the full-scale invasion, said ... #BohdanDanylyshyn #CurrencyMarket #InflationinUkraine #nbu #UkraineEconomy
Analysts believe that the Ukrainian economy performed surprisingly well in 2023. As noted in the Atlantic Council, in the fall of 2022 Ukraine was forced to print money, and in December 2022, inflation rose to 27%. However, the budget deficit was offset with $40B of international ... #CurrencyMarket #financeUkraine #UkraineBudget2024 #UkraineEconomy #Ukraineinternationalreserves
The NBU points to achievements in the financial market during the war. The National Bank has maintained exchange rate stability and switched to managed exchange rate flexibility, which will strengthen the economy and financial system’s adaptability and minimize the... #AndriiPyshnyi #CurrencyMarket #financeUkraine #nbu #UkraineBudget2024
In November, the NBU reduced interventions by 27% and canceled all restrictions on the sale of cash currency. The net sale of dollars by the National Bank in November, the second month after the transition from a fixed exchange rate regime to managed flexibility, decreased from $3.34B in October to $2.45B in ... #CurrencyMarket #CurrencyRestrictions #CurrencySale #financeUkraine #nbu
Ukraine’s international reserves decreased for the third month in a row. In October, they fell by 1.9% to $38.97B, NBU data shows. The bank explains that the dynamics last month were caused by the NBU’s interventions and the country’s debt payments in foreign c... #CurrencyMarket #financeUkraine #NationalBankReserves #nbu #UkraineInternationalReservs
The NBU is introducing a flexible dollar exchange rate. As the National Bank explained, “The regulator will carefully monitor the situation in the foreign exchange market and remain a key player. To provide stability, the NBU will compensate for the ... #CurrencyMarket #dollarexchangerate #financeUkraine #Hryvnia #nbu
In one week, the National Bank sold almost $436M of reserves on the interbank market. During the week from June 19 to 23, the NBU sold $435.82M and bought $8.29M on the interbank foreign exchange market, reported the bank. Last week, the NBU sold $446.76M, and a week earlier, only $292... #CurrencyMarket #CurrencySale #nbu #NBUInternationalReserves
Ukrainians are buying significantly less foreign currency in banks. In April 2023, the population of Ukraine sold $1.3B in cash and non-cash funds to commercial banks and bought $1.5B. According to National Bank data, the net purchase of currency amounted to $224.2M. ... #CurrencyMarket #CurrencySale #foreigncurrency #nbu
Ukrainians are buying less foreign currency from banks. In March 2023, the population of Ukraine sold $1.388B in cash and non-cash currency to commercial banks and bought $1.812.3B. The net currency purchase amounted to $424.3M. Thus, according to the Nati... #currencyexchange #CurrencyMarket #UkraineBuysCurrency
For the first time during the war, Ukrainians bought more foreign currency than they sold. The amount of currency purchased by the Ukrainian population in August exceeded the amount sold by $106.9M. According to data from the national bank, the domestic net positive purchase total in August... #CurrencyMarket #foreigncurrency #nbu
The NBU has reduced the sale of currency from reserves. From July 11 to 15, the net currency sale by the National Bank of Ukraine amounted to $580.7M. Volumes of weekly intervention by the NBU have not been at levels so low since the beginning of May. In t... #CurrencyMarket #CurrencySale #nbu #UkraineBanking
The National Bank of Ukraine has sold $9B in 2022. After the National Bank’s record sale of a currency on the market last week, the volume decreased slightly and amounted to $826M. Since the beginning of the year, the bank has sold $9.4B. A week... #CurrencyMarket #CurrencySale #nbu
