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Net FX sale by NBU last week decreases to $446.6 mln, EUR 102.8 mln
KYIV. May 2 (Interfax-Ukraine) – In the week from April 25 to April 29, the National Bank of Ukraine (NBU) again sold significantly more currencies than it bought: $446.6 million and EUR 102.8 million, but this is about a quarter less than a week earlier.
The NBU said on its website that last week it bought only $1.5 million and EUR 5.5 million.
As reported, in the first week and a half after the war started by Russia on February 24, the net purchase of foreign currency by the National Bank amounted to $690.3 million and EUR 20 million, since the ban on the purchase of foreign currency had just been introduced, and the list of critical imports had not yet been significantly expanded.
However, in the following weeks, the volume of currency purchases by the central bank began to fall, while the volume of its sale increased, as a result, in the second half of March, net sales amounted to $540-620 million per week, but in the first half of April it fell to $300-450 million. However, in the week from April 18 to April 22 there was a peak in net sales – over $750 million in equivalent.
A number of experts, in particular, former deputy governor of the National Bank Oleh Churiy, who oversaw foreign exchange policy, proposed to revise the list of critical imports towards its significant reduction, since today it covers 89% of merchandise imports in 2021.
In total, since the beginning of the year, the National Bank has purchased $1.781 billion and EUR 96.7 million on the market, and sold $5.846 billion and EUR 1.486 billion, including since the beginning of the war, the purchase of foreign currency amounted to $1.124 billion and EUR 96.7 million, and the sale was $3.076 billion and EUR 1.486 billion. Net sales in March and April were equal to approximately $2 billion in equivalent.
Ukraine’s international reserves as of April 1, 2022, according to the NBU, amounted to $28.11 billion, which is 2% more than at the beginning of March. By the middle of April, as indicated by the National Bank, they fell to $27.4 billion.
