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 Feb. 3.
“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.
