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NBU cuts net FX sale to $428 mln this week
KYIV. Aug 12 (Interfax-Ukraine) – The National Bank of Ukraine’s (NBU) net sale of currency this week amounted to $428 million compared to $483 million last week, when it had to return to foreign exchange intervention after a short break due to the July 21 devaluation of the official hryvnia exchange rate to 25%.
According to the information of the National Bank on its website, from August 8 to August 12, it purchased $93.4 million versus $7.5 million a week earlier, while it sold $521.7 million compared to $490.4 million in the first week of August.
As reported, in July the volume of NBU interventions in the market fell to $1.195 billion, while in June it amounted to almost a billion a week, and a total of $3.956 billion compared to $3.4 billion in May, $2.2 billion in April, $1 .78 billion in March and $0.31 billion in February.
In general, from the beginning of the year as of August 12, inclusive, the NBU purchased $2.877 billion and EUR 111 million on the market, and sold $16.054 billion and EUR 1.789 billion.
Including since the beginning of the war, the purchase of foreign currency amounted to $2.22 billion and EUR 111.0 million, and the sale – $13.284 billion and EUR 1.789 billion.
International reserves of Ukraine as of August 1, 2022, according to preliminary data from the NBU, amounted to $22.385 billion (in equivalent), which is 1.6% or $371.5 million less than at the beginning of July.
In June, the fall in reserves amounted to 9.3%, or $2.344 billion.
