: :inin Kyiv (EET)

NBU sells $26.2 mln to support hryvnia

The National Bank of Ukraine (NBU) has sold $26.2 million to the banks to smooth out currency rate fluctuations, according to a statement of Director of the NBU Open Markets Department Serhiy Ponomarenko provided for UNIAN.
The NBU attributes the current supply and demand imbalances on the currency market to holidays in Europe and the United States on the occasion of the Catholic Easter celebrations.
As noted in the statement, within the framework of a flexible exchange rate regime, the NBU seeks to level out excessive volatility on foreign exchange markets, which occurs as a result of situational factors, through forex interventions and currency auctions, and withdraws excess liquidity from the banking system.
It is reported the NBU has held an auction today during which the regulator sold $26.2 million to the banks. Since the beginning of the year, the NBU conducted 25 auctions for the sale and purchase of foreign currency, with net sales of foreign currency by the NBU totaling $235.2 million.


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