promised NBU sale of currency failed. If the market needs $ 200 million National Bank yesterday sold only $ 63 million

Bankers say that since the National Bank, only delays the growth rate, and wonder why the regulator is not collected liquidity

first auction to sell the currency NBU has not helped to bring down the excitement in the currency market. Bankers interviewed by i, complained that their requests were not satisfied with the National Bank due to formal reasons. According to official data, the currency sold 12 banks. Despite the fact that we were above the cut-off price at which in the end and sold the currency of the NBU (8,25 UAH. /$ 1), our application was rejected because yesterday we stayed with the transfer of money in the NBU, - says treasurer banks with foreign capital. In his opinion, this is due to a lack of reserves.

According to the Director of Treasury Bank Finance and credit Andrei Voitenko, following statements by head NBU Vladimir Stelmakh of intent to sell with auctions $ 1 billion financial market players have adopted a waiting attitude. This explains the temporary rollback rate to a mark 8,71 grn. /$ 1 on the interbank market. If the NBU on a daily basis will be on the market, even raising the price cut down to the market, while seamlessly bringing to the attention of market participants the results of auctions, after two or three days, the currency market will activate the mechanism of self-regulation and shall be satisfied with the currency. Obviously, in the early days to launch on the market significant amounts - $ 400-500 million and satisfy all requests (above the rate cut), - said the banker.

financiers argue that despite the devaluation expectations of the market, the NBU behave strangely. Somehow, the National Bank is not actively withdraw money from the accounts of commercial banks with certificates of deposit - believes the treasurer of one of the foreign banks. Liquidity in the system remains relatively high, as indicated by low rates on overnight interbank loans (1,5-2%). All who wish to buy the currency can easily make it through grivnevyie overnight, - he said.

In this regard, market participants fear that the idea of an auction to sell the currency to banks and legal entity will result in a repetition of the situation with the sale of cash to 8 hrn. /$ 1. Then, the NBU has sold $ 260 million and created a basis for speculation on the cash market, now it is about $ 1 billion, which some banks, under the guise of honest players, zapasutsya in the hope of further growth rate, - considers predpravleniya one of the largest banks.

On the one hand, market participants' expectations regarding future growth rate show listing on the London Stock Exchange bespostavochnyh forwards on the hryvnia exchange rate - yesterday, the broker offers to buy such contracts to 9,2-9,5 grn. /$ 1 for a period of three months and about 12 grn. /$ 1 - with annual contract.

On the other hand, bankers say that the equilibrium exchange rate on the interbank market at hand - 8,5-8,6 grn. /$ 1. Currency has now become quite expensive, the buyer was massive, - said the director of the Treasury, Raiffeisen Bank Aval, Vladimir Kravchenko. In his view, if NBU will systematically conduct currency auctions, the market calms down. If the sale will be temporary in nature, it does not add to the stability of the currency market.

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