NBU lets official hryvnia weaken to UAH 26.09 to U.S. dollar on March 16

The country's national currency weakened by 23 kopiykas.

!!!!!!!!!!!!!!!! UAA1 !!!!!!!!!!!!!!!

The National Bank of Ukraine (NBU) on March 13 set the official forex rate for Monday, March 16, at UAH 26.09 to the U.S. dollar, which let the country's national currency weaken by 23 kopiykas.

Read alsoUkraine's National Bank cuts key policy rate to 10%

The official forex rate against the euro for Monday is fixed at UAH 28.99 per euro – the hryvnia gained six kopiykas in value since Friday, according to the NBU website.

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.

The regulator sold US$270 million on the interbank foreign exchange market on Tuesday, March 10, US$350 million on Wednesday, over US$220 million on Thursday, and US$63.7 million on Friday to stabilize the hryvnia.

!!!!!!!!!!!!!!!!!!!!!!!! UAA2 !!!!!!!!!!!!!!!!!!!!!