The defining reason for the depreciation of the hryvnia against the dollar and the euro in the third quarter was the deterioration of business expectations.
Deteriorating expectations created increased demand for the currency, which turned out to be higher than supply. This contributed to the devaluation pressure in the foreign exchange market in the III quarter, according to the NBU.
As a result, the official exchange rate of hryvnia to the dollar at the end of the third quarter fell by 6% compared to the end of the second quarter. Since the beginning of the year, the hryvnia has devalued by almost 20%.
According to the NBU, the largest net buyers of foreign currency in this period were importers of household goods and car traders, foreign investors in the domestic government bond market and foreign direct investors who issued dividends.
Currency purchase transactions on the terms of forward contracts also increased. In the third quarter, the NBU both bought and sold currency on the interbank market.
Since the beginning of the year, the positive balance of NBU operations on the interbank market has remained: net purchase is about $ 1 billion.
The Supreme Court declared Astra Bank insolvent, the press service of the National Bank reports. By its decision, the Supreme Court overturned the decisions of the Kyiv District Administrative Court and the Sixth Administrative Court of Appeal, which found the central bank’s actions illegal. The NBU reminded that Astra Bank is the only bank that […]
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Lithuania, Latvia and Estonia have refused to use the Belarusian electricity. This was reported by the Interfax news agency. According to the agency, the governments of the Baltic countries have developed a common methodology for the electricity trade. It means that electricity supplied to Lithuania, Latvia and Estonia should not be produced in Belarus. Imported […]Next
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