NBU has strengthened the hryvnia by another 5 kopecks against the US dollar

The National Bank of Ukraine set for June 4 the rate of 26 hryvnia 75 kopecks per dollar, which is five kopecks less than the official rate on June 3. The hryvnia has continued to strengthen for the fifth day in a row – after last week, for the first time in more than a month, the rate reached 27 hryvnia per dollar. Trading in the Ukrainian interbank foreign exchange market is close to the official level – 26 hryvnia 73-75 kopecks per dollar, according to data from Finance.ua as of 16:15 Kyiv time.

Analysts of the website “Ministry of Finance” predicted that after the auction held on Tuesday for the sale of government bonds, “the budget will receive more resources than it will return to the banking system today, and this will play in favor of the hryvnia on Wednesday.” On June 2, the Ministry of Finance of Ukraine in the amount of 2 billion 946 million hryvnia placed domestic government bonds denominated in national currency with maturities of 3, 6, 9 months and 1 year. The demand for these securities was twice as high as the volume of satisfied applications.

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