Main demand for foreign currency formed by Ukrainian companies - NBU

Main demand for foreign currency formed by Ukrainian companies - NBU

Ukrinform
The demand for foreign currency at the foreign exchange market is formed by Ukrainian companies that work with export/import operations, according to Deputy Governor of the National Bank of Ukraine (NBU) Oleg Churiy.

"The demand [for foreign currency] is formed by residents of Ukraine, that is, Ukrainian companies working with export/import transactions, which have borrowings in foreign currency, as well as individuals. We connect this with the global economic and coronavirus situation," Churiy said at a press conference, according to an Ukrinform correspondent.

He also noted that the demand for foreign currency from non-residents is very low.

As Ukrinform reported, the NBU’s net sale of foreign currency reached $700 million since the beginning of the week.

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