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NBU sold almost half a billion dollars in one week

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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

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