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Last week, the regulator spent US$981.6 million to support the hryvnia, and US$738 million – over three days this week.
The National Bank of Ukraine (NBU) on Thursday, March 19, sold US$200 million on the interbank foreign exchange market to smooth out excessive exchange rate fluctuations.
Demand for currency continues to prevail over supply due to deterioration of market sentiment amid the global coronavirus spread, the regulator wrote on Facebook on March 19.
The NBU says it has no plans to introduce restrictions on Ukraine's forex market, as it has sufficient reserves to smooth out excessive fluctuations in the hryvnia exchange rate.
Read alsoUkraine's hryvnia slides to UAH 27.80 to U.S. dollar on March 20
Last week, the regulator spent US$981.6 million to support the hryvnia. Some US$738 million was spent over three days this week.
UNIAN memo. The National Bank set the official forex rate for Friday, March 20, at UAH 27.80 to the U.S. dollar, while at UAH 30.09 per euro.
Trade on Ukraine's interbank forex market closed at UAH 27.81/27.88 per U.S. dollar, whereas at UAH 30.01/30.08 per euro.
The U.S. dollar remained against the hryvnia at UAH 28.50 in Kyiv's currency exchange booths on March 19, while euro dropped to UAH 30.90.