The NBU is trying to extinguish the excitement of selling $100 million

НБУ пытается погасить ажиотаж продажей $100 млн

The NBU is trying to respond quickly to the situation on the interbank market

The national Bank believes that the emerging demand for foreign currency is temporary.

The national Bank today, December 28, announced the auction for the sale of up to $ 100 million on the interbank foreign exchange market to maintain the hryvnia exchange rate.

This was reported to comments by the head of the Department of public markets, the NBU Serhiy Ponomarenko, published on the regulator’s website.

He noted that today “on the interbank market continues to experience a temporary excess demand for foreign currency, which was formed under the influence of situational factors”.

“The supply of currency, which yesterday was limited due to the Christmas holiday in the US and Europe, today partially restored. But it is not sufficient because of VAT refund, which the exporting companies received the last and current week, holding back their needs in hryvnia liquidity, and, consequently, sell their foreign exchange earnings,” – said Ponomarenko.

Moreover, in recent days, significantly increased demand from market participants, due to the need of companies to make payments on loans in foreign currency at the end of the year.

As reported Корреспондент.neton 28 December 2016, the NBU has lowered the hryvnia to 26.65 per dollar. But in the cash market the dollar has risen in price already to 27.5-27.6 USD.

We will remind, on the eve of the NBU explained the growth of the dollar by Christmas.

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