Reuters: Ukraine central bank deputy does not expect big currency swings
Ukraine's Deputy Central Bank Governor Oleh Churiy said on Monday, January 22, he did not expect major currency volatility but the central bank had sold around $160 million since the start of 2018 to support the hryvnia, according to Reuters.
Speaking at a briefing, Churiy also said he expects offers of dollars to increase in the coming weeks, Reuters said.
Read alsoNBU reveals volume of Ukraine's multi-billion dollar debt to IMF"Since the start of the month we have sold around $160 million. For now, reserves are going down," he said.
As UNIAN reported earlier, Ukrainian Prime Minister Volodymyr Groysman says January's depreciation of the hryvnia is due to a decrease in the country's export receipts and the need to carry out external payments.
"The rate is freely regulated ... For example, in January, we are observing a decrease in Ukrainian exports. If there is a decrease in exports, less currency comes into Ukraine. Moreover, Ukraine has been making external payments," the prime minister told Ukraine's ICTV channel.