NBU increases net currency sales via interbank market by 86% to USD 721 million on November 13-17

The National Bank of Ukraine (NBU) increased the net sale of currency on the interbank foreign exchange market in the period from November 13 to 17 by 85.8% week over week to USD 720.65 million.

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

During the reporting week, the NBU bought USD 0.5 million, while it sold USD 721.15 million.

The NBU did not buy or sell euros last week.

Since the beginning of the year, the NBU bought USD 212.38 million and sold USD 24,287.35 million at the interbank.

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

As the Ukrainian News agency earlier reported, in 2022, the NBU 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 NBU 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.

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.