NBU continues strengthening hryvnia with currency auctions

The National Bank of Ukraine (NBU) announced today, November 23, a foreign currency auction at the interbank foreign exchange market in the amount of up to $50 million, according to market players.

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Last week, the NBU already held four auctions on currency sales, selling $54.8 million.

Read alsoWeek’s balance: economic growth, Russian embargo and NBU’s forex injectionsAs UNIAN reported earlier, hryvnia quotations against the dollar on the interbank currency market on Friday settled at UAH 24.00/24.07 to the dollar by the end of trade.

Since the NBU's transition to a flexible rate fixing in 2014 the hryvnia has depreciated against the U.S. dollar at the official rate by 3.8 times, hitting in February 2015 a new historical low of UAH 30.01 to the dollar.

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