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‘Net’ sale of foreign currency by NBU falls by half this week

City Kings Holdings by City Kings Holdings
April 9, 2022
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‘Net’ sale of foreign currency by NBU falls by half this week
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'Net' sale of foreign currency by NBU falls by half this week

Within the week from April 4 to eight, the Nationwide Financial institution of Ukraine once more bought extra currencies than it purchased: {dollars} – by $211 million, euros – by EUR 84.9 million, which, nonetheless, is greater than two occasions lower than every week earlier, when “web” gross sales amounted to $282.1 million and EUR 299.8 million.

In line with the NBU on its web site, this week it purchased solely $11.5 million and EUR 5.5 million, whereas the sale amounted to $222.5 million and EUR 90.3 million.

As reported, within the first week and a half after the conflict was began by Russia on February 24, the “web” buy of overseas forex by the Nationwide Financial institution amounted to $690.3 million and EUR 20 million, because the ban on the acquisition of overseas forex had simply been launched, and the checklist of crucial imports had not but been considerably expanded.

Nevertheless, within the following weeks, the quantity of forex purchases by the central financial institution started to fall, whereas the quantity of its sale elevated. On the identical time, final week was the primary when the expansion pattern of “web” gross sales stopped, and its volumes even barely decreased in comparison with the earlier week: to the equal of $611.9 million from $618.6 million every week earlier, and this week they fell twice directly.

Ukraine’s worldwide reserves as of April 1, 2022, in response to preliminary knowledge, amounted to $28,107 billion (in equal), which is 2% greater than originally of March ($27,538 billion).





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