Date: 5 months ago   Category: Financial

The National Bank has explained growth of dollar from the middle of summer


The deputy head of the NBU has explained why the hryvnia has begun to fall this year in July, but not September or August, as in previous years. Rise in price of dollar - the seasonal phenomenon, but this year business has decided not to wait for the end of summer and have begun to buy currency in July. It was said by the vice-chairman of National bank Oleg Chury on air of Radio NV. "The seasonality depends on the agricultural period. We agrarian country. For today about 45% of export are occupied by agrarian production. Ukraine exports grain. Ukraine No. 2 on export of corn. We win first place in export of solar oil. When there is export, there is also revenue. On the other hand it is necessary to understand that Ukraine has economy which not completely is on the light party. In particular, the most part of the agrarian sector is in a shadow", he said. Also he has reminded that in 2016 fluctuations have begun in September, in 2017 - in August, this year - in July. "The reason is simple. The course is important for business and the population. They (business, - the Editor's note) have looked at it and have understood that sense to wait for September isn't present therefore have bought currency in August. I think that this year there was the same situation. We see psychological influence here. I wouldn't tell that what occurs, is panic, but there is a certain nervousness. Fluctuations aren't sign of crisis", - Chury has noted. Also answering a question of the reasons of depreciation of euro, the deputy head of the NBU I have said that euro are influenced absolutely by other factors. "All other courses are derivative of dollar. Recently in the markets which develop, a situation rather unstable. In a month the hryvnia devaluated on somewhere for 4%, and the southern African currency devaluated for 10%", - he has added. We will note, experts consider that the National Bank intends to lower hryvnia exchange rate to 30 for dollar, and in case of non receipt of a tranche of the IMF - to 32 and more. We will note, on Wednesday, August 15, the NBU has lowered an official rate of hryvnia to 27,45 for dollar. News from the Correspondent.netv of Telegram. Subscribe for our https://t.me/korrespondentnet channel

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