Current fluctuations in the currency market due to seasonal factors, including the purchase of energy and the growth of imports in anticipation of the Christmas holidays. This was reported to journalists by the Deputy head of the NBU Oleg Churiy, UNIAN reports.
“Naftogaz is now almost buys the currency, but on the contrary, it is the seller, getting a good revenue due to the transportation of gas. But there is energy procurement by other market participants and purchase seasonal items for the holidays – the New year,” explained Cury.
According to him, also the impact of reimbursement on value added tax. “The VAT refund we had last week – 9 billion. Have you seen the rate immediately reacted. When a large amount of the hryvnia comes to market from exporters, for a period of time they sell less currency. But we are working with the Ministry of Finance, so that they are evenly reimbursed VAT” – added Cure.
At the same time, he expressed expectations that this year there will be additional pressure on the foreign exchange market resulting in a sharp growth of budget expenditures at the end of the year, as in previous years.
Cure stressed that this year is a very good situation with exports, whereby foreign exchange earnings are high enough.
November 30, quotes the hryvnia against the U.S. dollar on the interbank currency market by the mid of trading established at the level 27,14/for 27.17 hryvnia/dollar, which is almost 30 cents below the level of the beginning of the week.