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The hryvnia, Ukraine's national currency, has been subjected to various economic pressures and government interventions over the years. Recent news highlights its volatility, with significant fluctuations influenced by central bank decisions, geopolitical events, and market dynamics. For instance, the National Bank of Ukraine's (NBU) decision to raise the exchange rate led to a noticeable drop in hryvnia values in informal markets, causing public and expert debates about the financial stability of the nation.
President Volodymyr Zelenskyi and other governmental officials, like Prime Minister Arsenii Yatseniuk and Finance Minister Hetmantsev, have consistently reassured the public regarding the hryvnia’s stability amidst economic reforms and challenges such as COVID-19 lockdowns. Nevertheless, concerns persist among citizens and analysts, who point out external dependencies and the slow pace of essential reforms that could fortify the economy against such instabilities.
Additionally, external factors such as IMF negotiations, EBRD investments, and broader geopolitical tensions also play a crucial role in shaping the hryvnia's trajectory. The National Bank has adopted various strategies, from tweaking official exchange rate mechanisms to potential administrative measures, aiming to stabilize and strengthen the hryvnia against the dollar and euro.
As Ukraine navigates these challenging economic landscapes, the hryvnia's performance remains a critical indicator of the country’s financial health and an area of keen interest for economists, investors, and policymakers. Keeping a close eye on this will provide deeper insights into Ukraine’s economic resilience and strategic autonomy in the global financial arena.
President Volodymyr Zelenskyi and other governmental officials, like Prime Minister Arsenii Yatseniuk and Finance Minister Hetmantsev, have consistently reassured the public regarding the hryvnia’s stability amidst economic reforms and challenges such as COVID-19 lockdowns. Nevertheless, concerns persist among citizens and analysts, who point out external dependencies and the slow pace of essential reforms that could fortify the economy against such instabilities.
Additionally, external factors such as IMF negotiations, EBRD investments, and broader geopolitical tensions also play a crucial role in shaping the hryvnia's trajectory. The National Bank has adopted various strategies, from tweaking official exchange rate mechanisms to potential administrative measures, aiming to stabilize and strengthen the hryvnia against the dollar and euro.
As Ukraine navigates these challenging economic landscapes, the hryvnia's performance remains a critical indicator of the country’s financial health and an area of keen interest for economists, investors, and policymakers. Keeping a close eye on this will provide deeper insights into Ukraine’s economic resilience and strategic autonomy in the global financial arena.
TOP news hryvnia
National Bank sets official UAH/USD exchange rate at 30.01 The Bank of Ukraine lowered the official hryvnia exchange rate by 1.97 UAH, down to 30.01 UAH/USD. 170 965 710 Previously in trend: Hryvnia Decline
MP Lutsenko: Ukraine lost half of economy, hryvnia to keep falling Chairman of Poroshenko Bloc parliamentary faction Yurii Lutsenko believes the hryvnia will continue to depreciate, and it is not to be blamed on the National Bank. 111 437 703 Previously in trend: Hryvnia Decline Russian aggression against Ukraine War
Plan for currency market stabilization elaborated - Presidential Administration Presidential Administration announced that a set of measures to stabilize the currency market of Ukraine was developed in discussion with the president. 164 759 668 Previously in trend: Hryvnia Decline
Monday Marks the Beginning of the End for Ukraine. Azarov Admitted that Everything is Very Bad, Says Yatsenyuk Thursday's session of the Parliament has turned into clamor over possible slump of the Ukrainian currency. 252 642 536 Previously in trend: Hryvnia Decline
Yanukovych Spent $22 Billion to Maintain Hryvnia Rate at $8 - Head of National Bank According to chairman of the NBU Valeriia Hontarieva, the former management of the National Bank of Ukraine spent $22 billion to maintain the exchange rate at 8 UAH/USD. 62 799 519 Previously in trend: Hryvnia Decline
Dollar Passes 16 Hryvnia on Interbank Market The hryvnia quotes against the US dollar passed 16 on the Ukrainian interbank currency market on Nov. 11and fell to 15.8200 UAH/16.1300 USD. 75 053 490
Hroisman unveils prerequisites for 18.5 hryvnia to dollar exchange rate The hryvnia exchange rate could be no more than 18.5 to the U.S. dollar if Ukraine was producing enough of own gas and did not buy it abroad. 73 964 483
Yatseniuk dissatisfied with National Bank actions to stabilize foreign exchange market The decision of the NBU to ban banks from purchasing foreign currency on behalf of customers for three days will worsen the situation in the market. 100 658 447 Previously in trend: Hryvnia Decline
National Bank of Ukraine to introduce administrative measures in currency market The Bank of Ukraine plans to implement administrative measures in the foreign exchange. 150 014 392
Emergency National Bank Council Meeting to Take Place Due to the Hryvnia Collapse The situation in the currency exchange market and the dollar hike will be the subjects of tomorrow's meeting of the National Bank Council. 37 684 369 Previously in trend: Hryvnia Decline
It is Just the Beginning of the Hryvnia’s Decline. Soon the Dollar will Cost 10.5, - Head of the Bank Association The hryvnia relapsed because the government was artificially maintaining its rate before the elections while not encouraging bank loans. And this has led to a currency imbalance in the bank market. 35 146 339 Previously in trend: Hryvnia Decline
Dollar interbank exchange rate soared to UAH 25.60 On Friday, Jan. 29, hryvnia quotations against the U.S. dollar on the interbank currency market fell to 25.30/25.60 UAH/USD. 39 916 301 Previously in trend: Hryvnia Decline
Cabinet drafts state budget-2015 with U.S. dollar at 17 hryvnia - Yatseniuk The Cabinet of Ministers compiled the draft state budget for 2015 with the rate of 17 hryvnia per dollar. 44 315 278
NBU's Hontareva pleads not guilty of hryvnia fall Head of the National Bank of Ukraine Valeriia Hontareva says she is not the one to blame for the fall of the national currency. 39 504 273
Nationalization of Privatbank will not affect inflation or hryvnia rate, - NBU Head Hontarieva The National Bank of Ukraine denies possible price increase and hryvnia depreciation caused by the nationalization of Privatbank. 48 836 263
Regions and National Bank: Why do You Need Dollars? Sell Them to Save Yourself from Headache The population of Ukraine has no need to keep their savings in dollars, said the head of the Ukrainian National Bank Council and Party of Regions deputy Ihor Prasolov (comrade of Rinat Akhmetov). 23 630 248 Previously in trend: Hryvnia Decline
Dollar soars to UAH 26.60/$1 Hryvnia quotations against the dollar on the interbank currency market on Friday fell to UAH 26.60/$1 by the end of trade. 40 196 239
The Economist: Big Mac index offers 7.3 hryvnias against dollar According to the Big Mac index, U.S. dollar should cost just 7.3 hryvnias instead of 23.35. 53 805 213
Yatseniuk Expects IMF Experts to Help National Bank Stabilize Hryvnia Prime Minister of Ukraine Arsenii Yatseniuk hopes that the experts from the IMF will help the National Bank to implement prudent monetary and exchange rate policy. 22 874 202 Previously in trend: Hryvnia Decline
Hryvnia Collapses in the Interbank Foreign Exchange Today, September 4, hryvnia quotes continued its drop in the Interbank foreign exchange market. 22 397 174
Euro official exchange rate jumps to UAH 27/€1 On Jan. 20, the National Bank of Ukraine set U.S. dollar official exchange rate at UAH 24.84/$1. 25 471 173
"No reason for panic," - National Bank head calls not to create excessive demand for foreign currency Head of the National Bank of Ukraine Valeria Hontarieva states there is no ground for panic in the currency market. 17 839 173
Starting Tomorrow Police Will Conduct Raids on Currency Speculators Tomorrow special units of Ukrainian police will raid areas of high concentration of currency speculators, said a source in the Interior Affairs Ministry. 45 557 170 Previously in trend: Currency ID Hryvnia Decline Currency Tax
Ukrainian Banks Association President: After Elections We Will Have a Wave of Inflation, and Devaluation Will Reach 30% Ukrainian Banks Association President Oleksandr Sugonyako shared his vision of hryvnia fate after elections. 25 980 169 Previously in trend: Hryvnia Decline
Party of Regions: Government Will not Refrain from Currency Tax. People Understand and Support it The opinion was expressed by Party of Regions MP, first deputy head of the Committee for Enterprise, regulatory and antitrust policy Vladyslav Lukianov. 18 263 167 Previously in trend: Currency ID Hryvnia Decline
The Rich will not Suffer. 80% of the Population will Suffer, Kuzhel about the Hryvnia Drop Batkivschyna candidate Oleksandra Kuzhel thinks that the current situation with hryvnia is a well-organized scheme that will harm 80% of the population of Ukraine. 33 038 165 Previously in trend: Hryvnia Decline
Arbuzov Blames Ukrainians for Negative Trade Balance Active buying of foreign currency by the population has led to the fact that the negative balance of payments of Ukraine in 2012 amounted to about $ 4 billion. 17 972 163
Cabinet forecasts hryvnia exchange rate for three years Cabinet of Ministers of Ukraine forecasts average exchange rate for hryvnia at 27.2 UAH/USD for 2017, and at 27.8-28.1 UAH/USD for 2018-2019. 101 685 156
Azarov Made the Journalists Laugh: Europe is in Crisis but We Have 'Improvement' and Stability Ukrainian Prime Minister Mykola Azarov has once again announced the 'Improvement' in the country making the journalists ironically smile. 14 595 156
Ukrainians Withdrew 110 Billion UAH from Banks This Year Outflow of deposits from the Ukrainian banks since the beginning of this year amounted to 110 billion hryvnia. 16 503 150
Ukraine on the Brink of Disaster: Government Will Default and Collapse Hryvnia, Thinks the Former Minister of Economy Declaration of default and the sharp depreciation of the hryvnia may be consequences of the fact that the government cannot cope with the payments that must be carried out in 2013. 29 376 149 Previously in trend: Hryvnia Decline
Hryvnia in exchange offices collapsed after NBU's decision to raise exchange rate On July 21, the average hryvnia exchange rate on the black market fell by almost a hryvnia compared to the morning quotations and currently fluctuates between UAH 37.56 and UAH 37.96 per dollar. 52 532 148
Bloomberg analysts report Ukrainian currency slump, central bank interventions Ukraine’s hryvnia headed for the worst weekly depreciation in the world as the National Bank of Ukraine limited the supply of dollars to protect reserves amid a delay in negotiations to release the next part of a $17.5 billion International Monetary Fund loan. 59 081 145
After the Dollar Hike Gas Prices Follow Suit Today the prices of all types of petroleum products in OKKO and WOG gas station chains grew by 9-11 kopecks per liter (around 5 cents per gallon) depending on the type of fuel. 14 180 142 Previously in trend: Hryvnia Decline
Honcharuk against idea of issuing hryvnias Ukrainian Prime Minister Oleksiy Honcharuk has said he does not support the idea of issuing hryvnias and believes that it only takes money out of the pockets of taxpayers. 9 198 138
Banks and Exchange Points Stop Selling Dollars On Tuesday commercial banks do not sell the US dollar in anticipation of further depreciation of the hryvnia. 28 560 137 Previously in trend: Hryvnia Decline
Seasonal decline in business activity, political instability, and lack of IMF loans affect hryvnia, - NBU The decline of hryvnia exchange rate is caused by both temporary and fundamental market factors leading to a falling supply of foreign currency. 13 062 128
Ukraine's hryvnia traded 21.65 per dollar Aug. 26, interbank currency market closing saw Ukraine's hryvnia rate settled at 21.45 / 21.65 per dollar. 13 288 125
National Bank explained hryvnia's strengthening: "The situation is encouraging" The hryvnia is strengthening because the situation in the country's economy is improving. 54 739 120
Ukraine’s Finance Minister sees no significant macroeconomic factors for national currency movements There are currently no significant factors of development of the economic situation in Ukraine that can trigger significant exchange rate fluctuations. 12 605 117
Banks Introduce Limitations on Dollar Sales - No More Than $300 per Person Ukrainian banks introduce limitations on the amount of the US dollars that can be bought by one person. 10 689 107 Previously in trend: Hryvnia Decline
National Bank Threatens Illegal Currency Changers with Criminal Responsibility The National Bank expects growth of stability in the cash foreign exchange market if a bill that will provide criminal responsibility for selling cash currency in the black market. 18 135 100 Previously in trend: Hryvnia Decline
The Government Knows That After Elections We Will Have Devaluation, Says Yatsenyuk. VIDEO The opposition demands explanation from the Government and the President regarding the increase of foreign loans and decrease of gold reserves. 7 228 94 Previously in trend: Elections 2012 Hryvnia Decline
Terrorists Shell Donetsk Airport With Anti-Tank Guns. Mykolaiv Brigade Paratrooper Dies Heroically Defending the Position Starting 10:15 a.m. Thursday, the firing at the ATO positions in the Donetsk airport has been under way with the use of small arms and AGS (automatic grenade launcher). 39 711 93
National Bank to Sell Currency from Its Reserves until Situation on Forex Market Stabilizes - Deputy Head of NBU The National Bank of Ukraine (NBU) is ready to sell foreign currency from its reserves until the situation on the foreign exchange market completely stabilizes. 14 676 88 Previously in trend: Hryvnia Decline
In the Next 2 Months the Dollar Will Cost 9 Hryvnias and Will Rapidly Hike After Elections BYuT deputy Andriy Pavlovskyy says that in the next couple of months the US dollar will go up to 9 UAH thus preparing the Ukrainians to the tumbling after the elections. The politician predicts that the dollar may rise as high as 12 hryvnias. 14 505 82 Previously in trend: Hryvnia Decline
The National Bank Found the Ones Guilty in the Hryvnia's Drop. List of the "Lucky" Banks The NBU announced the banks guilty in devaluation by trading the currency at a higher rate. 42 095 81 Previously in trend: Hryvnia Decline
Head of National Bank Arbuzov: This is not all. Dollar Rate Will Continue Dropping The National Bank of Ukraine does not rule out that the dollar will drop below 8.19 UAH. Нацбанк Украины не исключает, что курс доллара упадет ниже отметки 8,19. 14 116 80 Previously in trend: Hryvnia Decline
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