Hryvnia weakening in recent days links to fundamental factors – NBU head
The decrease of the hryvnia exchange rate in the past several days is caused by fundamental factors: the worsening of the state of the country’s balance of payment due to the unfavorable situation on the global commodities market, Governor of the National Bank of Ukraine (NBU) Valeriya Gontareva said at a meeting of the profile parliamentary committee in Kyiv on Wednesday.
“The seasonal factors are left behind. However, the fundamental factors are out of the scope of the NBU’s influence. The NBU cannot resist the impact of the fundamental factors,” she said.
She said that more than one week the market finds the balance without the NBU’s interference.
Gontareva said that when the seasonal factors were seen in January, the NBU entered the market five times and sold $118 million, supporting the exchange rate.