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Population’s demand for cash currency declines for 2nd consecutive month

In March, the population bought currencies by USD 528.1 million more than they sold.

This is stated in the reporting data of the National Bank of Ukraine (NBU), the Ukrainian News agency reports.

On the cash foreign exchange market in March, the net purchase of foreign currency by the population exceeded the sale.

In March, Ukrainians sold currencies for USD 1,255.4 million in equivalent and bought for USD 1,783.6 million in equivalent.

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In 2023, the population bought USD 3,362.1 million more than they sold.

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.                                

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

As the Ukrainian News agency earlier reported, according to the results of 2022, the population bought currencies for USD 1,009.5 million more than they sold.

In 2021, the population sold currencies by USD 1,214.7 million more than they bought.

In 2020, sales of cash currency exceeded purchases by USD 1.098 billion.

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