REUTERS
The volume of currency sales has exceeded its purchase volume by US$351.8 million since the beginning of the year.
The National Bank of Ukraine (NBU) spent US$981.6 million from reserves to support the hryvnia, Ukraine's national currency, on March 10-13.
The regulator sold US$270 million on the interbank foreign exchange market on Tuesday, March 10, about US$350 million on Wednesday, over US$220 million on Thursday, and almost US$150 million on Friday to stabilize the hryvnia, the NBU said.
The NBU did not buy foreign currency during the week, resulting in the volume of currency sales has exceeded its purchase volume by US$351.8 million since the beginning of the year.
Today, March 16, the regulator plans to sell US$200 million on the interbank foreign exchange market.
Read alsoFinance ministry not to revise national budget until updated outlook released
The U.S. dollar tumbled against the hryvnia, Ukraine's national currency, to UAH 26.90, in Kyiv's currency exchange booths on the morning of Monday, March 16.
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.
Ukraine's foreign reserves as of March 1, 2020, amounted to $26.6 billion, which is 1.3% higher than a month earlier.
In 2019, Ukraine saw a 22% increase in its international reserves, to US$25.3 billion, which was a seven-year high.