Demand for foreign currency isn’t rising

In October, various company-residents were ‘pure’ buyers of foreign currency, while individuals were ‘pure’ sellers — as the National Bank has announced

In October, various company-residents were ‘pure’ buyers of foreign currency, while individuals were ‘pure’ sellers — as the National Bank has announced

Last month, companies bought $1,482.3m on the domestic market, while selling $1,463.2m. Residents purchased $19.1m of foreign currency (against $53.3m in September). The amount has fallen for the third month in a row. In October, individuals sold more foreign currency on the domestic market than they bought. The volume of bought cash currency last month stood at $501.5m while that sold was $533.8m. From January-October, citizens were ‘pure’ sellers of cash currency: $4,596.4 million bought and $5,570.9m sold, giving a balance of $974.6m.

By Alexey Fedotov
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