Parliamentary elections in Ukraine will not affect the hryvnia exchange rate, Governor of the National Bank of Ukraine Yakiv Smolii has said.
"Double elections did indeed carry some risk expectations in the financial markets, but this absolutely did not affect the exchange rate in any way. It was formed by demand and supply and continues to do so now. The strengthening of the hryvnia was caused primarily by the factors of favorable conditions for our exports, as well as the inflow [of funds] of foreign investors in domestic government securities, which led to an increase in currency supply in the market and, consequently, to the strengthening of the hryvnia," Smolii said at a press briefing.
Advertising
Advertising
MORE ABOUT
Most Ukrainians oppose holding elections before end of war, think they may divide society – survey
16:12, 10.04.2024
Hryvnia exchange rate to all currencies to be set daily, dollar reference rate to be supplemented by euro rate – NBU
14:59, 27.03.2024
Zelenskyy: No legitimacy in imitation of Russian elections
09:26, 18.03.2024
Stoltenberg: Elections in Russia won't be free and fair
17:04, 14.03.2024
Von der Leyen: Elections in Ukraine - internal matter for Ukraine
16:03, 21.02.2024
LATEST
PM: preferential price for gas extended until end of summer, for electricity until end of spring
17:17, 26.04.2024
Work of Kyivteploenergo blocked due to new searches by law enforcers – company
13:00, 26.04.2024
Almost three-quarters of employers feel shortage of staff, plan to increase wages in 2024 – EBA survey
20:59, 25.04.2024
Metinvest's Pokrovske mine extracts 1.2 mln tonnes of coking coal in Q1, plan for 2024 is 5.35 mln tonnes
20:07, 25.04.2024
Chornomorsk port resumes shipment of agricultural products for export