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Ukrainians reduced the purchase of foreign currency in banks

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Net purchases of foreign currency by the population in February reached $504.8 million.

Citizens of Ukraine in February 2023 sold cash and non-cash money in commercial banks in the amount of $1,112.8 million (equivalent) and bought it in the amount of $1,617.6 million. The net purchase of foreign currency reached $504.8 million, the National Bank reported on Friday, February 3.

So, in February, Ukrainians reduced their purchases of foreign currency by $59.2 million compared to January, when they bought a record $564.0 million.

The data also show that about one-third of the demand ($433 million) in February fell on non-cash currency, which Ukrainians buy in banks at a rate close to the official one (UAH 36.6), while in cash market the exchange rate fluctuates. about 40 Hryvnia per dollar.

NBU infographics

It will be remembered that last week the National Bank sold the lowest currency since the beginning of the year. At the same time, the regulator reduces the amount of money sold for three weeks in a row.

It was also found that more than $800 million in cash was brought into Ukraine in January. This is a record volume since the beginning of the war with Russia.

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Source: korrespondent

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