NBU / Photo from UNIAN
Since the beginning of 2016, the National Bank of Ukraine has sold $161.3 million in seven currency auctions for the stabilization of the hryvnia, according to TSN.ua.
While at the beginning of January, the weighted average selling rate was UAH 23.56, now it is a hryvnia higher – UAH 24.81.
In the meantime, the hryvnia is being actively devalued in the interbank market, in the official rates of the NBU, as well as in the open market in exchange offices, banks, and in the "black" market.
The National Bank of Ukraine sold to the banks $19.1 million at Monday’s currency auction, with the weighted average rate amounting to UAH 24.8157 to the dollar, according to the report.
Read alsoIMF next tranche to help increase NBU reserves, allow greater currency stability – JareskoThe controller says the banks have submitted applications for currency purchase worth $35.4 million. The minimum rate at today’s auction was UAH 24.75 to the dollar, maximum rate – UAH 24.92 to the greenback. 9.9% of the offered currency was sold at a minimum rate.
Read alsoExperts predict further hryvnia weakeningAccording to the dealers of commercial banks, the hryvnia quotes to the dollar on the interbank market settled at UAH 24.75/24.90 to the dollar by 14:00.
According to the information on the NBU’s website, the weighted average exchange rate of the hryvnia on the interbank market by this time settled at UAH 24.8291 to the dollar.