Why falling dollar: NBU gave explanations

The national Bank of Ukraine considers the decline of the dollar is a seasonal phenomenon, which is due to the activation of the business.

Чому падає курс долара: НБУ дали пояснення

National Bank called the seasonal phenomenon which is observed in the present strengthening of the hryvnia to the dollar, reports Rus.Media.

This was stated by the acting head of the NBU Yakov Smoliy at a press conference, reports media

“Today there is a strengthening of the hryvnia indicative of increased business, primarily agricultural enterprises, which began to make in Ukraine currency to replenish current assets before the sowing,” said he.

In addition, according to the head of the national Bank, in the market of internal government bonds intensified nonresidents during February-March actively sold foreign currency and hryvnia funds invested in bonds of the Ministry of Finance.

“So there’s more sustainable strengthening of the hryvnia against the U.S. dollar,” – said resin.

The Ministry of Finance on March 13 at the auction on placement of bonds of internal state loans attracted to the state budget of 1.08 billion.

The ratio of hryvnia to the U.S. dollar, he added, partly influenced by the depreciation of the dollar against major world currencies, primarily the Euro.

The Euro/dollar at 8:20 Kyiv time trading at 1,2401 dollar compared to 1,2390 dollar at the close of the previous session.

We will remind, the national Bank set the official exchange rate of hryvnia to the dollar on March 14 at the level of 25.91 hryvnia.

The lowest rate of the hryvnia this year was recorded January 23 – 28 and 87 of the hryvnia to the dollar.

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