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 increased and reached an all-time high, according to data from the NBU.

From February 19-23, 2024, the NBU sold $647.83M on the interbank currency market, twice as much as the week before ($322.3M). As a result, at the beginning of last week, the interbank exchange rate increased by more than 60 kopecks to ₴38.60 per $1.

The official exchange rate of the dollar set historical highs for three days in a row and, on February 22, reached ₴38.62 per $1. However, the rate has since gone down. In the second half of the week, the rate began to decline. As a result, the official rate decreased from ₴37.97 to ₴37.35 per $1. On the cash market, the rate initially rose from ₴38.10 to ₴38.85 per $1.