NBU's net interbank currency sales increased by 24% to a record USD 3.3 billion in 2023

In October 2023, the net sale of currency by the National Bank of Ukraine (NBU) amounted to USD 3.337 billion, which is 24% more than the September net sale (USD 2.7 billion) and is a record for the current year.

This follows from a statement by the NBU, the Ukrainian News agency reports.

So, in October, the NBU bought USD 0.014 billion at the interbank and sold USD 3.351 billion.

For comparison, in September, the NBU's net interbank sale of foreign currency amounted to USD 2.691 billion; in August - USD 2.364 billion; in July - USD 1.933 billion; in June - USD 1.798 billion; in May - USD 1,928 million, in April - USD 1,370 million, in March – USD 1,669 million, in February - USD 2.431 billion, in January - USD 3.082 billion, in December last year - USD 3,164 million, in November - USD 1.569 billion, in October - USD 2.032 billion, in September - USD 2,753 million.

The balance of NBU interventions, according to the results of August, was negative and amounted to USD 1,330 million, in July - USD 1.195 billion, in June - USD 3,956 million, in May - USD 3,354 million, in April - USD 2,203 million, in March - USD 1,776 million, in February - USD 308 million.

As the Ukrainian News agency earlier reported, the NBU adjusted the official exchange rate of the hryvnia by 25% to UAH 36.5686/USD on July 21.

On August 6, 2022, the NBU 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 NBU allowed banks to sell more currency to the public.

The NBU has been implementing managed exchange rate flexibility since October 3.