Interbank: the dollar rate is growing, despite the intervention of the NBU

The National Bank of Ukraine conducts daily foreign exchange interventions in the interbank foreign exchange market, trying to control the growth of the American currency. If on July 22, the regulator twice entered the auction, offering the dollar, first at 27 hryvnia 77 kopecks, then at 27 hryvnia 80 kopecks, then on July 23, the National Bank set a selling rate of 27 hryvnia 90 kopecks, according to experts of the website “Ministry of Finance”, who track the course of trading. According to Finance.ua, as of 11:30 am, the quotes of the interbank market were 27 hryvnia 85-87.5 kopecks per dollar, which is three kopecks higher than the opening of trading on 23 July.

The National Bank of Ukraine has set the rate of 27 hryvnia 78 kopecks per dollar on July 23. The national currency was in a wide corridor of 26.5-27 hryvnia per dollar for more than two months – from late April to early July. On July 1, the announcement of ex-NBU head Yakov Smoliy about his resignation through political pressure on him caused an increase in quotations to 27 hryvnia 20 kopecks per dollar and even higher.

Over the course of several trading sessions, the situation has stabilized, but after the appointment of Kirill Shevchenko as head of the NBU, the devaluation of the national currency accelerated.

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