Ukrainians sell seven times more currency than buy

15 May 2015 09:25  1798910 099917
Ukrainians sell seven times more currency than buy

Last month Ukrainians continued selling significantly more currency than buying, and the difference between amounts of buying and selling reaches 6-7 times.

The deputy head of the National Bank of Ukraine Vladyslav Rashkovan said that to journalists in Warsaw, the UNIAN reported.

"Daily, individuals buy about 1.5-2 million dollars throughout the system, and sell banks about 11-12 million dollars", - he said.

According to him, a large supply of hard currency in the market is also provided by companies that began bringing money to the country and sell it in larger amounts than before.

These factors, in particular, contribute to stabilizing the market and strengthening the hryvnia, which has been observed lately.

"The economic situation improves. Macroeconomics, balance of payments, expectations of people and businesses are improving," - Rashkovan listed the reasons that contribute to the strengthening of the currency.

He also said that the National Bank notes the growth of hryvnia deposits in the banking system and called the foreign exchange market in Ukraine "comfortable and efficient".

"I think that we have the fundamentals to prevent it (hryvnia) from further devaluation," he said, noting that it may even strengthen its positions.

"The situation inspires cautious optimism in the currency market and in the banking system in general," - the representative of the NBU said.

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