National Bank: Situation on foreign exchange market stable
Ukrinform
Currency supply on the interbank foreign exchange market on Monday, April 6, was again significantly higher than demand, according to the National Bank of Ukraine (NBU).
"Today [April 6] we bought $186 million on the interbank foreign exchange market. Currency supply from the business was again significantly higher than demand. Therefore, we had the opportunity again to redeem the excess in reserves without counteracting the market trend," reads a report on the NBU’s page on Facebook.
The NBU also noted that in such a way the regulator continued the good tradition of the previous week, when one quarter of a billion dollars was purchased into reserves.
As reported, the National Bank bought nearly $8 billion on the foreign exchange market in 2019, to smooth out the hryvnia fluctuations in the direction of strengthening.
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