This week, the National Bank of Ukraine (NBU) sharply reduced the volume of foreign currency sales on the interbank market, recording the lowest figure for the last month. According to the regulator’s official website, on Saturday, 28 December, only $744.1 million was sold, which is half as much as the previous week.
Record low level of purchases
For the first time in three weeks, the NBU purchased foreign currency, but the amount was only USD 260 thousand, the minimum for this type of operation.
Annual results
In 2024, the NBU’s sales of foreign currency reached USD 35.312 billion, while it purchased only USD 126 million. This gap in the figures indicates a significant level of foreign exchange support for the hryvnia during the year, aimed at stabilising the national currency in a difficult economic environment.
Market trends
Experts note that the decline in foreign exchange interventions may signal a gradual levelling off of the situation in the foreign exchange market. At the same time, such data indicate the depletion of the NBU’s reserves, which raises concerns about the long-term stability of the hryvnia.
Analysts recommend keeping a close eye on the NBU’s further actions and the overall dynamics of the interbank market.
