In one week, the National Bank reduced the sale of currency on the interbank to more than half a billion dollars

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In the week from October 30 to November 3, the National Bank sold $563.45 million and bought $0.65 million on the interbank foreign exchange market.

About this testify NBU data.

According to currency intervention data, the National Bank sold 563.45 million dollars on the interbank foreign exchange market during the week, which is 113.15 million dollars less than a week earlier, when the volume of sales from reserves amounted to 676.7 billion dollars.

At the same time, the regulator bought 0.65 million dollars, and a week earlier – 1.55 million.

October 2 The National Bank announced about the transition from the fixed exchange rate regime. Starting from October 3, the official exchange rate of the dollar began to change – for the first time since July 2022.

The new regime in the NBU is called “controlled exchange rate flexibility”. The transition to it is one of the steps in the direction of full currency liberalization and a return to the pre-war mode of operation of the currency market.

Accordingly, the NBU will no longer set the value of the dollar exchange rate directively. Starting from October 3, the dollar exchange rate changes according to the situation on the foreign exchange market.

In total, since the beginning of the year, the National Bank has already sold 23.177 billion dollars, and bought – 210.62 million dollars.

We will remind:

The Board of the National Bank on October 26 approved decision to reduce the discount rate from 20% to 16%.

The National Bank fixes decrease inflation in September to 7.1% in annual terms and predicts a faster decrease in inflation at the end of this year.

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