Over the past week, the National Bank of Ukraine sold $ 80 million in the interbank foreign exchange market. The demand for currency from the population fell.
Over the past week, Ukrainians sold more currency than they bought. About it it says in the message of the press service of the National Bank of Ukraine on Facebook.
“The demand for currency from the population has fallen: in recent days, citizens have been selling even more than they are buying. The outflow of funds of non-residents is insignificant. The main demand for currency is formed by Ukrainian companies, which is balanced by the supply of currency from exporters,” the statement said.
In addition, the National Bank noted that the demand for foreign currency fell at the interbank: “This week we only entered the market out of five days with interventions to smooth out exchange rate fluctuations and generally sold a small amount of currency – less than $ 80 million. The hryvnia exchange rate on interbank fluctuated at 28 UAH / $. “
Also, the NBU said, this week an exchange of cash dollars for non-cash was carried out.
“The transaction amount was $ 130 million. The next operation for $ 180 million will take place on Monday, and probably another one at the end of next week. Thus, soon the problem with the shortage of foreign currency that arose due to interruptions in air traffic will be resolved.” – noted in the press service of the regulator.
The hryvnia began to decline on March 10 amid a record drop in world oil prices, as well as panic in the stock markets due to the coronavirus pandemic. To support the hryvnia, the National Bank actively conducted foreign exchange interventions on the interbank market: from March 10 to March 20, the regulator sold more than $ 2 billion.
March 20, the National Bank said that the hryvnia for the first time in the past few weeks has strengthened, and the demand for currency from the population began to fall.