REUTERS
The regulator sold US$270 million on the interbank foreign exchange market on Tuesday, March 10, US$350 million on Wednesday, and US$75.9 million on Thursday.
Governor of the National Bank of Ukraine (NBU) Yakiv Smolii has said the regulator this week spent US$700 million from reserves to support the hryvnia, Ukraine's national currency.
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"The National Bank's net sales of foreign currency reached US$700 million this week alone," he told a briefing on March 12.
As UNIAN reported earlier, there has been an increased demand for currency this week, which is formed by Ukrainian companies. However, the foreign currency purchases by non-residents to withdraw from domestic government loan bonds market is not yet significant, according to the NBU.
On the morning of Thursday, March 12, the U.S. dollar grew in value to UAH 26.70 in Kyiv's currency exchange booths, while quotations of the hryvnia against the U.S. dollar in the interbank currency market dropped to UAH 25.83/25.85 per dollar.
The regulator sold US$270 million on the interbank foreign exchange market on Tuesday, March 10, US$350 million on Wednesday, and US$75.9 million on Thursday to stabilize the hryvnia.