REUTERS
Ukraine's Deputy Central Bank Governor Oleh Churiy said on Monday, January 22, he did not expect major currency volatility but the central bank had sold around $160 million since the start of 2018 to support the hryvnia, according to Reuters.
Speaking at a briefing, Churiy also said he expects offers of dollars to increase in the coming weeks, Reuters said.
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As UNIAN reported earlier, Ukrainian Prime Minister Volodymyr Groysman says January's depreciation of the hryvnia is due to a decrease in the country's export receipts and the need to carry out external payments.
"The rate is freely regulated ... For example, in January, we are observing a decrease in Ukrainian exports. If there is a decrease in exports, less currency comes into Ukraine. Moreover, Ukraine has been making external payments," the prime minister told Ukraine's ICTV channel.