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The NBU has increased sales of foreign currency for three weeks in a row

Photo: NBU Press Center

Since the beginning of this year, the regulator has sold nearly $28 billion in the interbank market, while buying only $219 million.

The National Bank of Ukraine sold $978.4 million in the period from December 18 to December 22, but bought only $1.13 million. This was confirmed by the regulator’s data on Saturday, December 23.

This week, the volume of sales in the interbank foreign exchange market increased by more than $100 million and for the second time in a row became the highest in the last two months. The last time the NBU sold more currency was only in the first week after the switch to managed exchange rate flexibility in early October. The regulator also raised sales for the third week in a row.

In total, since the beginning of this year, National Bank has sold $27.94 billion, while earning nearly $219 million.

We remind you that on December 22, the official dollar exchange rate fell for the first time in two weeks, while the euro updated its historical record.

Meanwhile, the National Bank explained the weakening of the hryvnia exchange rate, which takes place in the second half of December.

As you know, from December 1, the NBU removed all restrictions on the sale of cash money to the population. After that, cash and official rates began to converge. The regulator believes this will help stabilize exchange rate expectations and increase the stability of the foreign exchange market.

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Source: korrespondent

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