NBU sells about $11 mln in interbank market

The National Bank of Ukraine (NBU) sold about $11 million in the interbank foreign exchange market on March 26.

“The results of the day in the foreign exchange market. The National Bank [on March 26] sold slightly less than $11 million in the interbank foreign exchange market. This is the first foreign exchange intervention in the last three days,” the NBU’s press service wrote on Facebook.

The National Bank notes that the market, in general, is much quieter than in early March, when the coronavirus outbreak started. Most transactions were within UAH 28.05-28.20 per U.S. dollar.

According to the central bank, Ukraine's international reserves currently total about $25 billion. In 2019, the NBU purchased almost $8 billion from the market. This year it has sold less than UAH 1.5 billion.

"So we have a sufficient stock of strength and, if necessary, we will continue to conduct foreign currency interventions to smooth out excessive foreign exchange fluctuations,” reads the statement.

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