Photo: NBU press center
The National Bank reduces the sale of foreign currency for three weeks in a row
The situation on the foreign exchange market has slightly improved. NBU reduces the volume of sold currency for three weeks in a row.
During the working week of February 20-24, the National Bank of Ukraine purchased $9.70 million on the interbank foreign exchange market and sold $605.24 million. The negative balance of interventions amounted to $595.54 million, according to the regulator’s data on Saturday, February 25.
Thus, the NBU reduced the sale of foreign currency compared to last week, when it sold $655.73 million. This trend has been observed for three weeks in a row.
Since the beginning of the year, the National Bank has bought $52.35 million and sold $5,458.87 million. The negative balance of interventions now stands at $5,406.52 million.
Earlier, the head of the NBU, Andriy Pyshny, called a threat to the exchange rate stability of the hryvnia. According to him, the Ukrainian economy has a colossal liquidity surplus caused by the financing of the war budget.
At the same time, Ukraine’s reserves reached almost $30 billion. In January, more than $4.3 billion was transferred to the government’s foreign currency accounts with the National Bank.
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