The national Bank explained why the cheaper hryvnia

For the month, the hryvnia fell against the dollar by 1.3%.

The national Ukrainian currency in the past month fell to the U.S. dollar at the official rate of 1.3%. This is stated in the macroeconomic and monetary review, the National Bank in October.

As noted, in comparison with the beginning of the year, the cost of hryvnia to the dollar remains above 1.2%.

“In the currency market continued, the prevalence of devaluation pressure on the hryvnia, driven by rising demand for foreign currency by enterprises of fuel and energy complex, the traders and the pharmaceutical industry”, – stated in the review.

In addition, the depreciation of the hryvnia intensified the deterioration in the cash foreign exchange market reduced the supply of cash currency by the population and at the same time growing demand.

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