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The National Bank states that during 2018, the hryvnia strengthened by 1.4%. The chairman of the National Bank, Jacob Smoliy, said this, presenting the National Bank’s Action Program during the NBU meeting with clients and partners, reports Ukrinform
“Thanks to a tight monetary policy, as well as due to favorable pricing conditions for Ukrainian exports to foreign markets in the first half of 2018 and a record grain harvest in the second half of last year, the hryvnia appreciated by 1.4% in 2018,” said Mr. Smoliy.
He also noted that the strengthening of the hryvnia allowed the National Bank to actively replenish international reserves during the year by purchasing currency in the interbank market.
“Another source was external financing. Ukraine has received a new cooperation program with the IMF, which is the foundation for further strengthening macrofinancial stability. Thanks to this, reserves from international partners, namely from the IMF, the EU and the World Bank, received $ 2.4 billion. As a result, we have the largest amount of international reserves in 5 years - this is $ 20.8 billion, ”Smoliy said.
The official exchange rate of the hryvnia to the dollar for the 2018 calendar year increased by 1.3% from 28.06 hryvnia on January 1, 2018 to 27.69 hryvnia on January 1, 2019.
The highest rate of the hryvnia against the dollar in 2018 was recorded on March 14 - 25.91 hryvnia. The lowest - 28,87 hryvnia on January 23.
Source: www.ukrrudprom.ua