T
NBU explained why there is so much currency in Ukraine
TEXT: ALEXANDER IVANITSKY, October 21, 2021, 16:10
00
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The hryvnia is holding at 26.2 per dollar
The Ukrainian currency does not fall, as it usually happens in autumn and winter, due to the high supply of currency.
The exchange rate of the hryvnia against the dollar continues to strengthen due to the large inflows of foreign currency to Ukraine. This was announced on Thursday, October 21, by the Deputy Head of the National Bank, Yuri Gelety.
"Undoubtedly, this is a favorable situation on the world market for the main goods of Ukrainian export. Actually, it is the main driver of the dominance of the supply of foreign currency in the second half of this year," he said.
According to him, prices for Ukrainian exports are growing due to the active recovery of the world economy, the accumulation of food and production reserves in China, the introduction of export duties on grain supplies in certain countries.
He also noted that the indicators of exports of metallurgical products are at historic highs.
In addition, the inflow of foreign currency from the export of IT services has grown significantly this year - by 32% to $ 4.3 billion in eight months.
Recall, according to the Bloomberg rating of world currencies, the hryvnia entered the top 10 in terms of strengthening against the dollar this year.
TEXT: ALEXANDER IVANITSKY, October 21, 2021, 16:10
00
READ NEWS IN UKRAINIAN

The hryvnia is holding at 26.2 per dollar
The Ukrainian currency does not fall, as it usually happens in autumn and winter, due to the high supply of currency.
The exchange rate of the hryvnia against the dollar continues to strengthen due to the large inflows of foreign currency to Ukraine. This was announced on Thursday, October 21, by the Deputy Head of the National Bank, Yuri Gelety.
"Undoubtedly, this is a favorable situation on the world market for the main goods of Ukrainian export. Actually, it is the main driver of the dominance of the supply of foreign currency in the second half of this year," he said.
According to him, prices for Ukrainian exports are growing due to the active recovery of the world economy, the accumulation of food and production reserves in China, the introduction of export duties on grain supplies in certain countries.
He also noted that the indicators of exports of metallurgical products are at historic highs.
In addition, the inflow of foreign currency from the export of IT services has grown significantly this year - by 32% to $ 4.3 billion in eight months.
Recall, according to the Bloomberg rating of world currencies, the hryvnia entered the top 10 in terms of strengthening against the dollar this year.
