Ukrainian banks in recent days have been showing signs of a shortage of cash foreign currency, which is caused by an increase in the population’s demand for cash foreign currency. Some $8 billion of non-cash currency are now on correspondent accounts of banks, and customers can freely transfer their currency to their accounts opened with…
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.…
Ukraine has not suspended international freight transportation operations, according to Infrastructure Minister Volodymyr Kryklii. “The movement of cargo transportation continue to operate. Ports, freight transportation by air and see, international transportation operate. We have not suspended the movement of goods,” Kryklii emphasized. The World Health Organization (WHO) on March 11 declared the novel coronavirus (COVID-19)…
The National Bank of Ukraine sees no grounds for default on Ukraine’s obligations, says Yakiv Smolii, Governor of the National Bank of Ukraine. “We see no grounds for such developments and don’t consider today the option of default for Ukraine,” Smolii told reporters in Kyiv. (UNIAN/Business World Magazine)
In January-February, gas imports into Ukraine totaled 1.438 million cubic meters, up by 57% YoY. “In February, 981 million cubic meters of natural gas was imported into Ukraine, up by 47%,” the press service of the Gas Transmission System Operator of Ukraine reports. As of March 11, gas was imported exclusively from the European Union…
The National Bank of Ukraine (NBU) responded to high demand for foreign currency and sold about $350 million in the interbank foreign exchange market on March 11, the central bank’s press service reported on Facebook. “As before, we believe that the deterioration of sentiment in the financial markets is caused more by a psychological factor,…
As of March 1, funds accumulated by the Deposit Guarantee Fund of Ukraine amounted to UAH 11.26 billion, according to the fund’s press service. “The total amount of funds accumulated by the Fund as of March 1, made up UAH 11,256.7 million. In January-February, revenues to the Fund from regular fees totaled UAH 1,005.8 million,”…