By KYIV. Dec 2 (Interfax-Ukraine) – Net sales of U.S. dollars by the National Bank of Ukraine (NBU) in the ninth week after the transition from a fixed exchange rate regime to a managed flexibility regime on October 3 increased to $737.9 million after declining to $521.4 million a week earlier.
According to data on the central bank’s website, its foreign currency purchases remain paltry – $1.6 million.
As a result of the week, the hryvnia exchange rate on the interbank market weakened by 0.94%, or UAH 0.34, to the level of UAH 36.3535/$1, while from the end of July 2022 until October 3, the National Bank maintained the official rate of UAH 36.5686/$1.
In exchange offices over the week, on the contrary, the U.S. dollar fell in price by about 20 kopiikas, to the level of UAH 37.38/$1, one of the likely reasons is the National Bank lifting restrictions for banks and financial companies on the sale of cash currency to the population.
