NBU buys US$131 mln more than it sells on interbank forex market in 2017

The National Bank of Ukraine (NBU) bought US$ 131 million more than it sold on the Ukrainian interbank market from January 1 to March 31, 2017, as part of its operations to replenish the country`s international reserves, according to the NBU.

The situation on the interbank forex market in March remained stable, the NBU said in its macroeconomic and monetary review.

An increase in forex offers amid declining demand strengthened the Ukrainian hryvnia, it said.

Earlier, Ukraine`s international reserves in February expanded by 0.1%, to $15.460 billion. There has been no update for March.

In 2016, the NBU bought $1.6 billion on the interbank forex market to replenish the reserves.

Avatar photo

UaPositon

An independent media focused on Ukraine.
Follow us on social media:
Facebook
Twitter
Instagram

Submit a Comment

Your email address will not be published.

Share This

Share this post with your friends!