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Posted On

02
January
2023

NBU FX interventions grow to $3.16 bln in Dec

KYIV. Jan 2 (Interfax-Ukraine) – In December, the National Bank of Ukraine (NBU) increased the sale of foreign currency on the market to $3.193 billion from $1.633 billion in November, $2.08 billion in October and $2.792 billion in September, according to the website of the central bank.

According to its data, the volume of purchases decreased compared to the previous month from $0.064 billion to $0.030 billion.

As a result, according to the NBU, its net FX intervention last month increased to $3.164 billion from $1.569 billion in November, $2.032 billion in October and $2.753 billion in September.

The last time the National Bank carried out major interventions in June and May, before the devaluation of the official exchange rate in July. Then they amounted to $3.956 billion and $3.354 billion, respectively, after which they fell in July and August, respectively, to $1.195 billion and $1.330 billion.

At the same time, December became the first month in 2022 when external financing of the Ukrainian budget exceeded the required $5 billion and reached about $5.2 billion compared to $2.6 billion in November, $3.7 billion in October, $2 billion in September.

In general, in 2022, the NBU purchased on the market (in U.S. dollars) $3.391 billion, and sold $28.344 billion, resulting in net interventions being $24.953 billion.

International reserves of the National Bank in November grew by 10.7%, to $27.42 billion compared to $30.941 billion at the beginning of the year.