This week (June 5-9), the National Bank sold USD 292.69 million in the interbank foreign exchange market to maintain the hryvnia exchange rate, and bought USD 15.05 million.
The National Bank has said this in a statement, Ukrainian News Agency reports.
Thus, the net sale of currency by the National Bank in the interbank foreign exchange market (difference between sales and purchase) was USD 277.64 million. For comparison, a week earlier (May 29 - June 2), the National Bank sold USD 468.95 million in the interbank foreign exchange market, bought USD 11.93 million, and net sale amounted to USD 457.02 million.
That is, on June 5-9, the regulator sold USD 176.26 million (or 1.6 times) less at the interbank foreign exchange market than a week earlier. The difference between net sales amounted to USD 179.38 million (or 1.65 times).
The change in the volume of sales by the currency regulator in the interbank market is due to a decrease in demand for it from market participants.
Since the beginning of 2023, the NBU has sold USD 11 040.32 million on the interbank market, bought USD 146.04 million, and net sale amounted to USD 10,894.28 million.
As 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.
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.
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.
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