The Central Bank is again massively selling foreign currency to maintain the hryvnia exchange rate. Last week, the dollar in exchange offices fell in price after a jump.
The National Bank sold $490.38 million in the interbank market last week, according to the central bank’s website.
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At the same time, the NBU bought $7.5 million. Thus, net cash sales for the week reached 482.88 million dollars.
Since the beginning of the year, the National Bank bought $2,783.11 million and EUR 110.97 million in the interbank market, and sold $15,532.06 million and EUR 1.79 billion.
It should be noted that in July, Ukraine’s international reserves decreased by only 2% and reached $22,385 million (equivalent) at the beginning of August. Compared to June ($2,300 million), the reserve drawdown rate slowed down more than five times. At the same time, since the beginning of the year, Ukraine’s reserves have fallen by 27.7% or $8,555 million.
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Source: korrespondent
I am Dylan Hudson, a dedicated and experienced journalist in the news industry. I have been working for Buna Times, as an author since 2018. My expertise lies in covering sports sections of the website and providing readers with reliable information on current sporting events.