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The NBU announced the reasons for the weakening of the hryvnia

В НБУ озвучили причины ослабления курса гривниThe weakening of the hryvnia in January due to large budget expenditures and the seasonal reduction in exports, said the Deputy head of the national Bank.

Deputy head of the National Bank Oleg Churiy stated that the reason for the weakening of the hryvnia in early 2017 steel large budgetary costs and a slump in exports.

“If we talk about the cash market, it is largely influenced by the high government spending in December. As a result, the liquidity of the banking system increased by 38 billion, and the volume of cash outside banks grew by 25 billion UAH”, – said the representative of the NBU.

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At the same time, the interbank market is more influenced by seasonal factors.

“If in November the share of farmers in total volume sold by the exporters currency was more than 50%, in the last days of December dropped to 30-40%, and in early January – almost to 20%”, – summed up Cure.

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Recall that for a week (6-13 January), the NBU raised the dollar exchange rate of 1 UAH, and the Euro — by 1.5 UAH.

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