The National Bank of Ukraine has linked the growth of the demand for foreign currency in the interbank forex market in July to the increase of payments for foreign loans by enterprises and banks, the central bank said, according to Ukrainian News.

According to the NBU, at the same time, the net currency demand remained minimal.

In these conditions, the hryvnia rate against dollars in July fell by 2.3% to 7.8554 UAH/USD.

Respectively, the official hryvnia rate against dollar also declined by 0.89% to 7.698 UAH/USD, against euros it fell by 0.58% to 10.818 UAH/EUR, and against Russian rubles it increased by 1.14% to UAH 2,424 for RUR 10.

In July, the hryvnia weakened against the dollar by 4% to 8.0436 UAH/USD.

The NBU said that the interventions in the interbank forex market allowed the reduction of the exchange tension.

In July, the NBU held 10 currency auctions in the interbank forex market to help the borrowers repay their loans in foreign currency.

During these auctions, the central bank sold USD 76.68 million against USD 8.39 million in June.

As Ukrainian News earlier reported, in June, the central bank pointed to increase of the demand for foreign currency in the interbank forex market.


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