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NBU lowers official hryvnia rate by 8.88 kopecks to 38.4249 UAH/USD

The National Bank of Ukraine has lowered the official hryvnia rate for February 28 by 8.88 kopecks to 38.4249 UAH/USD.

The central bank has said this in a statement, Ukrainian News Agency reports.

On the previous trading day, the NBU raised the official hryvnia rate for February 27 by 1.66 kopecks to 38.3361 UAH/USD.

Official hryvnia rate to foreign currencies:

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Official rate

GBP 1

48.7228

USD 1

38.4249

CHF 1

43.7094

JPY 10

2.5579

RUB 10

4.1705

EUR 1

41.7179

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.

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

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