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NBU reduces net currency sales twice to USD 575 million on October 9-13

In the period from October 9 to 13, the National Bank of Ukraine (NBU) reduced the net sale of foreign currency on the interbank foreign exchange market twice week over week to USD 575 million.

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

During the reporting week, National Bank bought USD 0.25 million, while it sold USD 575.24 million.

The NBU did not buy or sell euros last week.

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Since the beginning of the year, the NBU bought USD 208.28 million and sold USD 21,201.48 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 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.

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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 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.

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

 

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