KYIV, March 7 – The ongoing strength of the hryvnia in recent weeks has been backed by stable supply of foreign currency and favorable external environment, the National Bank of Ukraine reported.
"The situation in the foreign exchange market was shaped by the following factors: a favorable external environment for Ukrainian exports, the forthcoming payment of annual taxes to the national budget, which stimulates businesses to sell foreign currency more actively, a weak growth of imports of goods and a low repatriation of dividends in foreign currency abroad, as well as net sales of foreign currency by the population," the report says.
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