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NBU net sales up to $393.9 mln last week
KYIV. Nov 7 (Interfax-Ukraine) – The net sale of U.S. dollars by the National Bank of Ukraine (NBU) last week increased to $393.9 million from $214.1 million a week earlier, but it is still significantly less than in the previous three weeks (from $569.2 million to 608.5 million).
According to the information of the National Bank on its website, from October 31 to November 4, it purchased $16.3 million, which is slightly more than the usual volume of purchases during the war, while it sold $410.24 million compared to $227.6 million a week earlier.
In the cash market, the hryvnia weakened by almost UAH 0.7 over the week, to about UAH 40.35/$1, but the spread between the bid and ask rates remains narrow.
In October, the volume of interventions of the National Bank amounted to $2.03 billion compared to $2.75 billion in September, $1.33 billion in August and $1.2 billion in July and remains much lower than in June ($3.96 billion) and May ($3.4 billion).
In general, from the beginning of the year to November 4 inclusive, the NBU purchased $3.179 billion and EUR 111.0 million on the market, and sold $21.918 billion and EUR 1.789 billion.
Including since the beginning of the war, the purchase of foreign currency has reached $2.522 billion and EUR 111.0 million, and the sale – $19.148 billion and EUR 1.789 billion.
Ukraine’s international reserves as of October 1, 2022, according to the NBU, amounted to $23.93 billion (in equivalent), which is 5.9% less than at the beginning of September. At the same time, according to the new governor of the NBU, Andriy Pyshnyy, as of October 7, they again exceeded $24 billion, and by the end of the year, the National Bank expects them to be at the level of $26 billion.
