The hryvnia has devalued by 3.3% against the dollar since the beginning of 2024
Kyiv • UNN
Since the beginning of 2024, the hryvnia has depreciated by 3.3% against the US dollar due to increased government spending, international aid inflows and the end of the annual corporate income tax period, but the National Bank of Ukraine continues to actively participate in the market to ensure exchange rate stability and attractiveness of hryvnia assets.
The hryvnia has devalued by 3.3% against the dollar since the beginning of 2024. This was reported by Deputy Chairman of the National Bank of Ukraine Serhiy Nikolaychuk during the national telethon "United News", UNN reports.
Details
In early October last year, the NBU switched to a managed exchange rate flexibility regime. Under this regime, the hryvnia/dollar exchange rate is determined on the basis of trading on the interbank foreign exchange market
He also noted that the market was influenced by increased government spending, the receipt of significant amounts of international aid in the second half of March, and the end of the annual income tax payment period.
The situation on the foreign exchange market remains under absolute control. The level of our international reserves will be a record high in March, as a result of receiving USD 9 billion from our international partners
According to Mr. Nikolaychuk, the NBU continues to be an active market participant and aims to ensure exchange rate stability and attractiveness of hryvnia assets.
And we have every reason to expect that even in a full-scale war, we will be able to fulfill this task
