Currency panic in Kyiv: Dollar up to UAH 27.90 in exchange booths

12:00, 17 March 2020
Kyiv
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REUTERS

The euro also gained in value, to UAH 30.90, according to an UNIAN correspondent.

Meanwhile, the U.S. dollar trades for UAH 26.80 on average, while the euro – for UAH 29.5.

As UNIAN reported earlier, the National Bank of Ukraine (NBU) spent US$981.6 million from reserves to support the hryvnia on March 10-13.

Read alsoUkraine's hryvnia slumps to UAH 26.52 to U.S. dollar on March 17

The regulator sold US$238 million on the interbank foreign exchange market on Monday, March 16.

According to the NBU, the increased demand for foreign currency is caused by a psychological factor, namely the deterioration of market sentiment due to the global spread of coronavirus.

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