NBU weakened the hryvnia by another 5 kopecks against the dollar

The National Bank of Ukraine at noon on July 21 announced the reference value of the exchange rate of 27 hryvnia 65 kopecks per dollar. This is 5 kopecks more than the official exchange rate for today. On the Ukrainian interbank foreign exchange market, as of 13:05, quotes amounted to 27 hryvnia, 68-70 kopecks per dollar, reports Finance.ua.

“The rate is under pressure on the one hand, non-residents are quite actively withdrawing from the Ukrainian hryvnia government bonds and withdrawing the currency, and on the other, speculative attacks on the national currency amid the news background regarding future devaluation to patch holes in the budget”, – this is how experts from the Ministry of Finance describe the situation on the interbank market. 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 stabilized, but after the appointment of Kirill Shevchenko as head of the NBU, the devaluation of the national currency accelerated.

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