Ukraine

The NBU reduced the sale of foreign currency from reserves

In January 2025, the National Bank of Ukraine sold 3.75 billion dollars on the interbank currency market, which is 29% less than in December 2024. About this informs NBU press office.

During the month, Ukraine received $3.1 billion in international aid, including a tranche from the EU for frozen Russian assets. However, the National Bank’s expenses to support the hryvnia exchange rate exceeded the amount of funds received.

The situation was changing on the foreign exchange market. In early January, the dollar rose to 41.28 hryvnias, as the NBU continued the gradual devaluation of the national currency. However, later the demand for the currency decreased, which contributed to the strengthening of the hryvnia. As a result, the exchange rate dropped by 21 kopecks in a month — from UAH 42.03 to UAH 41.82/dollar. On the cash market, the rate also decreased by 50 kopecks, to 42.00 hryvnias/dollar, although in the middle of the month it exceeded 43 hryvnias.

We will remind that in December 2024, the NBU sold a record 5.284 billion dollars at the interbank, and for the whole year – 34.822 billion dollars, which is 6.212 billion more than in 2023. At the same time, Ukraine received $41.9 billion in international aid. According to the results of 2024, the dollar rate increased by 10.7%, reaching UAH 42.03/dollar.

 

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