Date: 3 months ago   Category: Financial

The NBU estimated influence of elections on hryvnia exchange rate


The Central Bank does not undertake to predict what will be a situation in the foreign exchange market after the second round of presidential elections. Deterioration in devaluation and inflationary expectations against the background of uncertainty in a year of presidential and parliamentary elections is one of relevant risks in the foreign exchange market. About it on Friday, April 19, the Economic truth with reference to the press service of National Bank reports. "However so far we do not see notable psychological pressure. On the contrary, under the influence of market factors the official rate of hryvnia since the beginning of year became stronger for 3.2% up to 26.81 hryvnias for dollar as of April 16", - it is said in the comment. Among the factors which caused such ​​ a situation in the foreign exchange market in the first and at the beginning of the second quarter, the NBU called: a favorable external price environment for goods of the Ukrainian export, in particular agrarian and metallurgical products and stable receipts of export revenue; weak growth of import of goods and moderate volumes of repatriation of dividends in foreign currency abroad; net sale of currency population. "From January 1 till April 15 of the population sold currencies more, than bought it. The net sale of currency the population since the beginning of year made 131.1 million dollars. That is the offer of currency is more than demand for it", - note in the NBU. The favorable situation in the foreign exchange market allowed the NBU to carry out clean purchase of currency in the market on 799.7 million dollars in reserves since the beginning of year. At the same time, the NBU does not undertake to predict what will be a situation in the foreign exchange market after the second round of presidential elections. "The national bank does not publish own expectations and forecasts concerning hryvnia exchange rate not to influence a situation in the foreign exchange market which has to be defined by market factors", - reported in the press service of the regulator. As it was reported, the day before the head of the National Bank Yakov Smoly said that in the foreign exchange market negative fluctuations after the judgment on recognition of illegal nationalization of Privatbank recorded. The National Bank for April 19 weakened an official rate of hryvnia for 15 kopeks - up to 26.83 for dollar. Also hryvnia exchange rate was sharply reduced by exchangers. News from the Correspondent.netv of Telegram. Subscribe for our https://t.me/korrespondentnet channel

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