Ukraine’s central bank sells over $410 million from reserves in a week
The NBU sold $227.59 million last week, while $576.37 million were sold the week before.
Read also: Ukraine’s central bank releases inflation forecast for 2023
The regulator has been forced to sell about $1 billion of reserves every week since late May to counter instability on the interbank market.
The situation has stabilized after the hryvnia exchange rate was adjusted by 25% to UAH 36.6 per dollar, and weekly currency sales did not exceed $500 million.
Read also: NBU says it plans to peg hryvnia exchange rate to euro, not US dollar
The NBU has bought $3.18 billion and EUR 110.97 million and sold $21.93 billion and EUR 1.789 billion since the beginning of 2022.
Read the original article on The New Voice of Ukraine
