NBU explains hryvnia's September drop

REUTERS

The hryvnia's value to the dollar remains higher by 2.5% compared with the beginning of the year, the report reads.

"The devaluation pressure on the hryvnia in September was mainly seasonal, caused by the traditional growth in demand for foreign currency by oil and gas traders, which was strengthened by a moderate increase in oil prices in the world market," the survey says.

Read alsoSurplus of balance of payments in Ukraine up by 2.4 times In addition, as noted by the NBU, the volume of cash inflow from the population decreased with the simultaneous growth of demand, which is also largely explained by the seasonal deterioration in the exchange rate expectations of the population.