Ukraine wasted hundreds of millions of dollars to save the hryvnia

The National Bank of Ukraine spent a record $ 630.1 million to save the hryvnia to no avail November wasted 630.1 million dollars to save the hryvnia exchange rate. This is reported by the portal with reference to the regulator's data.

Thus, the NBU continued to sell foreign currency, increasing it by more than six times compared to last week ($ 103 million). However, the efforts of the regulator were unsuccessful: the hryvnia exchange rate for the week fell to 27.10 per dollar – a maximum in five months.

Since the beginning of 2021, the NBU has bought 3.6 billion dollars on the interbank market and sold 984.7 million dollars. The balance of interventions amounted to $ 2.6 billion.

On November 24, Ukraine received a tranche from the International Monetary Fund (IMF) for $ 699 million. The funds will go to the government's accounts with the National Bank of Ukraine and will increase international reserves. President of the country Volodymyr Zelenskyy indicated that the funds will be used to support the financial system of Ukraine and to combat the consequences of the coronavirus pandemic. In addition, he stressed that Kiev will continue cooperation with an international organization.