NBU sells hryvnias to banks at UAH 15 to dollar

15:40, 25 November 2014
0 0

The National Bank of Ukraine on Tuesday sold $5 million at an average rate of UAH 15.0073 to the dollar on the interbank currency market in continued efforts to prop up the exchange rate.

REUTERS

The total volume of the bids from interbank market participants amounted to $28.5 million, and the minimum rate was UAH 15.0055 to the dollar, according to the official Web site of the National Bank of Ukraine.

"The total amount of the accepted bids of the auction participants has amounted to $5 million. The average rate of hryvnia on the results of the auction rose to UAH 15.0073 to the dollar," the report reads.

As UNIAN reported earlier, on November 24, the National Bank of Ukraine sold $5 million to banks at an average rate of UAH 15.0496 to the dollar on the interbank currency market.

Since November 5, the NBU has been conducting daily currency auctions of small volumes using a Dutch auction scheme to ensure exchange rate equilibrium or stabilize the exchange rate of hryvnia at the current level.

The hryvnia has almost halved in value against the dollar since the beginning of the year, although it has regained some of its value in recent days.

If you see a spelling error on our site, select it and press Ctrl+Enter