Ukrainian citizens reduced their purchases of dollars after they bought the maximum amount of the currency since February 2014 in October.
In November 2023, the population of Ukraine sold cash and non-cash money in commercial banks in the amount of $1.599 billion (equivalent) and bought $2.221 billion. Net purchases of foreign currency totaled $622 million. This was reported by the press service of the National Bank of Ukraine.
So, in November, Ukrainians reduced their dollar purchases after last month they bought the maximum amount of currency since February 2014.
The data shows that less than half of the money ($247 million) was purchased by the population in non-cash form.
In total, since the beginning of 2023, Ukrainians sold $16.652 billion and bought $20.418 billion. Net foreign currency purchases totaled $3.767 billion.
We remind you that from December 1, the National Bank removed all restrictions on the sale of cash currency to the population. The regulator believes this will help stabilize exchange rate expectations and increase the stability of the foreign exchange market.
And in early October, the NBU announced the transition to a flexible dollar exchange rate. The regulator promised to significantly limit changes in the exchange rate, preventing both a significant weakening of the hryvnia and a significant strengthening.
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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.