Ukraine

National Bank sold a record $1.34 billion in a week to support the hryvnia

The National Bank did not purchase currency on the interbank market this week, instead selling $1,344.35 million. This is the largest weekly volume of currency interventions since the beginning of 2026, aimed at supporting the hryvnia. This is evidenced by NBU data.

Compared to the previous week, the volume of net currency sales increased by $307.03 million. This indicates increased demand for foreign currency on the market, which forced the National Bank to increase its presence to smooth out exchange rate fluctuations.

Since the beginning of the year, the NBU has not bought currency on the interbank market, but has sold $9,680.18 million.

The constant absence of the National Bank among currency buyers for 11 weeks indicates a structural currency deficit on the market, which is currently fully covered by international reserves.

It was previously reported that Ukraine’s international reserves as of March 1, 2026, according to preliminary data, amounted to $54,753.4 million. In February, they decreased by 5%.

See also  The National Bank eased currency restrictions, but introduced additional

Leave a Reply

Your email address will not be published. Required fields are marked *

Related Articles

Back to top button