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NBU decided to sell less dollars on currency auctions

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NBU decided to sell less dollars on currency auctions
Photo: Ivan Chernichkin

From November 28 the National Bank of Ukraine decided to sell US $3 mn instead of US $5 mn on daily currency auctions, reads the regulator’s resolution No. 24-011/70580 of November 27.

The NBU explained the measure by the need to reduce the influence on the process of setting the equilibrium exchange rate on the market.

The regulator also noted that the purpose of its auctions is to daily set a fair equilibrium exchange rate on the interbank foreign exchange market on when the operation of the market is undergoing difficulties and there is a shortage of the currency on the market.

As a reminder, the NBU has held daily currency auctions during which US $5 mn were sold commercial banks since November 5.

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