2024-05-06T10:12:00+03:00 Politics 2024-05-16T04:02:09+03:00

Ukrainian news

NBU reduces net interbank currency sales by 5% to USD 508 million April 29 – May 3

NBU reduces net interbank currency sales by 5% to USD 508 million April 29 – May 3

The National Bank of Ukraine (NBU) reduced the net sale of currency on the interbank foreign exchange market in the period from April 29 to May 3 by 4.6% week over week, to USD 507.76 million.

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

During the reporting week, the NBU bought USD 0.24 million, while it sold USD 508 million.

The NBU did not buy or sell euros last week.

Since the beginning of the year, the NBU bought USD 104.87 million, while it sold USD 8,500.61 million.

As the Ukrainian News agency earlier reported, for 2023, the NBU bought USD 219.85 million and sold USD 28,829.73 million at the interbank.

The NBU did not buy or sell euros in 2023.

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 currency market.

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

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

From 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.

NBU implements managed exchange rate flexibility from October 3.