The National Bank of Ukraine (NBU) will sell $200 million on the interbank foreign exchange market.
The regulator sold $270 million on the interbank foreign exchange market on March 10, about $350 million on March 11, over $220 million on March 12 and almost $150 million on March 13 to stabilize the hryvnia.
The U.S. dollar tumbled against the hryvnia, Ukraine’s national currency, to UAH 26.90, in Kyiv’s currency exchange booths on March 16. There has been an increased demand for currency last week, which was formed by Ukrainian companies. However, the foreign currency purchases by non-residents to withdraw from domestic government loan bonds market is not yet significant, according to the NBU. (UNIAN/Business World Magazine)