The National Bank of Ukraine has the satisfaction as for the current situation on the forex market, reported Valery Litvytsky, the leader of the group of advisors to the governor of the National Bank of Ukraine (NBU).

"The NBU is satisfied with the situation because not many forex reserves are spent, and the official and market forex indexes are very fast drawing together without excessive administrative power exerted," he replied on Tuesday.

According to his words, the NBU sold 15.5 USD million on the international bank market on Tuesday at a rate of UAH 7.76 per 1 USD and bought 500 000 USD at UAH 7.68 per 1 USD: the overall amount of trading in dollars on the international bank market on May 12 (without NBU operations) was about 139 USD million.
He also added that the allocation by the International Monetary Fund of the next tranche worth about 3 billion USD under the Stand-By Arrangement with our country had had a significant impact on the forex rate – these assets will expand the NBU forex reserves to 27 billion USD.

Moreover, he added, the powering of the forex rate of the hryvnia against the United States dollar is due to a drastic slowdown of the inflationary pace against the backdrop of the relatively balanced Ukrainian budget and the stabilization of the political situation.

The forex market is being influenced by an improvement in the situation with the account of the balance of payments: incomes of foreign currency are on the rise, he noted.