Ukraine's central bank buys US$150 mln on interbank forex market on Friday

Foreign currency supply was higher than demand on that day.

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The National Bank of Ukraine (NBU) bought US$150 million on the interbank forex market on Friday, April 3, as supply was higher than demand.

The NBU did not sell foreign currency in the past week, but bought it to replenish the country's international reserves, the regulator said on Facebook on April 3.

Read alsoNational Bank buys US$34 mln on Ukraine's interbank forex market April 2

Total foreign currency purchases over the week were almost US$250 million.

"The forex rate is flexible. It is moving in both directions. It reacts well to positive news," it said. "Therefore, we believe in positive things – both the gradual curbing of the coronavirus in the world and the final conclusion of a new program with the International Monetary Fund."

As UNIAN reported earlier, the NBU in March 2020 spent US$2.2 billion from its reserves to prop up the hryvnia.

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

In 2019, the NBU replenished reserves, having bought US$7.9 billion on the interbank market.

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