The situation in the foreign exchange market improved slightly. The NBU has been reducing the amount of currency sold for three weeks in a row.
During the work week of February 20-24, the National Bank of Ukraine bought $9.70 million in the interbank foreign exchange market and sold $605.24 million. The negative balance of interventions reached $595.54 million, according to data from the regulator on Saturday, February 25.
Thus, the NBU reduced the sale of foreign currency compared to last week, when it sold $655.73 million. This trend was observed for three consecutive weeks.
Year to date, National Bank bought $52.35 million and sold $5,458.87 million. The negative balance of interventions is at $5,406.52 million.
Earlier, the head of the NBU, Andriy Pyshny, was called a threat to the stability of the hryvnia exchange rate. According to him, the Ukrainian economy has a huge excess of liquidity caused by the financing of the war budget.
At the same time, Ukraine’s reserves reached almost $30 billion. In January, the government’s foreign currency accounts at the National Bank received more than $4.3 billion.
news Correspondent.net on Telegram. Subscribe to our channel Athletistic
Source: korrespondent
I’m Liza Grey, an experienced news writer and author at the Buna Times. I specialize in writing about economic issues, with a focus on uncovering stories that have a positive impact on society. With over seven years of experience in the news industry, I am highly knowledgeable about current events and the ways in which they affect our daily lives.