By KYIV. Nov 2 (Interfax-Ukraine) – In October, the National Bank of Ukraine (NBU) reduced the sale of foreign currency on the market to $2.08 billion from $2.792 billion in September, while the volume of purchases remained very small – $0.048 billion compared to $0.039 billion in September, according to the website of the central bank.
According to the NBU, its net foreign exchange intervention last month fell to $2.032 billion from $2.753 billion in September.
The October figure is higher than in August and July – $1.33 billion and $1.195 billion, respectively, but then the statistics of interventions, as noted by market participants, were distorted by the crediting of part of the official external financing to the accounts of the State Treasury in Ukreximbank.
In June, net foreign exchange interventions amounted to $3.956 billion, in May $3.354 billion, in April $2.203 billion and in March $1.776 billion.
In general, in January-October 2022, the NBU bought $3.298 billion (in US dollar terms) on the market, and sold $23.518 billion, resulting in net interventions amounting to $20.221 billion.
Ukraine’s international reserves as of October 1, 2022, according to the NBU, amounted to $23.93 billion (in equivalent), which is 5.9% less than at the beginning of September. At the same time, according to the new governor of the NBU, Andriy Pyshnyy, as of October 7, they again exceeded $24 billion, and by the end of the year, the National Bank expects them to reach $26 billion.
