NBU Increases Net Currency Sale On Interbank By 32% To USD 495 Million March 20-24

The National Bank of Ukraine (NBU) increased the net sale of a currency on the interbank foreign exchange market from March 20 to 24 by 31.69% week over week to USD 495.45 million.

This is evidenced by NBU data, Ukrainian News Agency reports.

During the reporting week, the National Bank did not buy the currency; it sold USD 495.45 million.

The NBU did not buy or sell euros last week.

Since the beginning of the year, the NBU bought USD 61.3 million and sold USD 6,900.22 million at the interbank.

The NBU has not bought or sold euros since the beginning of the year.

As Ukrainian News Agency earlier reported, in 2022, the National Bank bought USD 3,267.95 million and EUR 110.97 million at the interbank and sold USD 26,380.59 million and EUR 1,789.11 million.

In 2021, the National Bank bought USD 3,690.7 million and sold USD 1,275.7 million on the interbank foreign exchange market.

In 2020, the NBU bought USD 4,929 million and sold USD 3,891 million on the interbank foreign exchange market.

On July 21, the NBU adjusted the official hryvnia exchange rate by 25% to 36.5686 UAH/USD.

From August 6, 2022, the National Bank canceled the restriction, according to which banks and non-banking institutions had to buy cash currency from the population at a rate no lower than the official one.

The National Bank allowed banks to sell more currency to the public.

Thus, from September 6, the amount of cash currency that the bank can offer to the population will include the entire amount of non-cash currency purchased by it from April 13, 2022, instead of half of it.