Course under control: NBU ready for seasonal increase in demand for currency.

According to the National Bank of Ukraine, the official exchange rate of the hryvnia to the dollar continued to decline in January due to seasonal factors. However, there is a gradual increase in the supply of currency, indicating the strengthening of the hryvnia.

The situation in the cashless segment of the currency market is stable. The National Bank has enough tools and resources to maintain the stability of the currency market.

The volume of NBU's international reserves at the beginning of 2025 reached a record $43.8 billion, indicating that sufficient resources are available to ensure market stability. The hryvnia's exchange rate to the dollar increased by only 1% during significant demand for cash currency, while against the euro it remained virtually unchanged.

The situation in the cash segment of the currency market is also under control. There is no shortage of currency or panic demand for foreign currency. The volume of cash currency in bank vaults corresponds to the indicators of 2024.

According to the National Bank, the difference between the cash and official exchange rates is temporary and depends on the banks' ability to meet the demand for cash currency at a rate close to the official one.

In the future, the National Bank will ensure the stability of the currency market, which will help avoid the threat of breaking the inflation trend and preserve the goal of achieving 5% inflation.

One of the NBU's tasks is to maintain the attractiveness of hryvnia instruments for savings. Interest rates on hryvnia deposits and government bonds cover expected inflation, making them attractive.

The National Bank will continue efforts to ensure the attractiveness of savings instruments in the national currency.