NBU increases dollar sales to support hryvnia amid war
Kyiv • UNN
The National Bank of Ukraine increased its foreign exchange interventions by 16.7% in March to $1.81 billion to support the hryvnia exchange rate and maintain macro-financial stability during the war.
The National Bank of Ukraine's foreign exchange interventions in dollar terms increased by 16.7% compared to the previous month. This is evidenced by the regulator's statistics, UNN reports.
In March, the National Bank of Ukraine sold $1.81 billion worth of foreign currency from its reserves to support the hryvnia. This is more than in February, when net sales amounted to USD 1.54 billion, but less than in the last 9 months.
Recall
National Bank Governor Andriy Pyshnyi saysthat the NBU is selling dollars from its reserves to compensate for the structural shortage of foreign currency during the war, prevent hryvnia devaluation, and maintain macro-financial stability.
