Ukraine's central bank spends US$2.2 bln from reserves to prop up hryvnia in March

22:55, 01 April 2020
Economy
2302 0
REUTERS

Since the beginning of the year, foreign currency sales by the NBU on the interbank market have exceeded purchases by US$1.4 billion, the regulator said on its website.

Read alsoNational Bank not ready to lift restrictions on Ukraine's forex market

"The hryvnia weakened by 7.4% in March from February as measured by the average UAH/USD exchange rate, ending the month 14.3% lower against the U.S. dollar," the NBU said in its Macroeconomic and Monetary Review for March 2020.

As UNIAN reported, the NBU in 2019 replenished its reserves through buying US$7.9 billion on the country's interbank forex market.

Ukraine's international reserves in 2019 grew by 22%, to US$25.3 billion and are currently estimated at about US$25 billion.

If you see a spelling error on our site, select it and press Ctrl+Enter