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11:35 JUMP IN HRYVNIA RATE LATE IN JULY LINKED TO GROWING PAYMENTS ON FOREIGN DEBTS, SAYS NBU | |
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Kyiv, August 4 (Interfax-Ukraine) – The growth in the hryvnia exchange rate late in July was linked to growing payments on the foreign debts of Ukrainian corporations, according to a statement posted on the official Web site of the National Bank of Ukraine (NBU). "Growing planned payments by domestic enterprises and banks on their foreign debt liabilities were seen in July. Since the volume of these foreign currency receipts on foreign loan agreements remained practically unchanged, this triggered an increase in demand for currency on the interbank market," reads the document. He said that growing demand for currency had been mainly leveled through the currency interventions of the National Bank and hryvnia exchange rate fluctuations, with the currency demand on foreign trade operations remaining at a minimum. | |
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