Photo: press service of the NBU the NBU explained the reasons for the strengthening of the hryvnia
On the stabilization of the national currency was influenced by favorable market situation and the significant volume of purchases by non-residents in national currency government securities.
The hryvnia, recently established, depends, in part, from the market situation that is favorable now, IT industry that grows every year, support the course this year and the significant volume of purchases by non-residents in national currency government securities. This was stated by the head of projects and programmes of the Department of public markets, the National Bank of Bakhtari Enamel, reports the press service of the NBU.
“Right now the market is a favorable situation. Imported goods, particularly oil and gas that Ukraine buys, cheaper. And for the exports that we sell, it is very good conditions. This year’s record harvest. Steelmakers also have very good foreign exchange revenues”, – quotes the official press service of the regulator.
According to him, also do not forget about the IT industry, which is growing every year. More and more Ukrainian companies have orders from foreign business. This contributes to the fact that the market is becoming more currency. Then come into effect the laws of the market and the hryvnia strengthened.
It is also stated that a new factor, which supports the course this year is a significant volume of purchases by non-residents in national currency government securities. Since the beginning of year the volume of investments increased by 15 times and is now holding at around 97 billion.
“Fixed exchange rate – such as candy, the price is actually very high. It leads to the losses, crises, and creates the illusion of stability. Healthy situation is to have a floating exchange rate, which responds to what is happening in the market”, – said in the national Bank.
Earlier it was reported that the national Bank of Ukraine on Friday, 27 September, lowered the hryvnia against the U.S. dollar by more than six cents to UAH 24.18 per dollar.
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