The National Bank increased the amount of currency that banks can sell to the public. The corresponding decision was fixed by the Resolution of the Board of the National Bank of September 2.
The regulator allowed banks to sell all the currency that financial institutions purchased since April 13, and not 50%, as it was before.
So, from September 6, the volume of cash that the bank can offer to the population will include the entire volume of non-cash currency purchased by it from citizens from April 13, 2022, and not half, as before.
According to the estimates of the National Bank, the expansion of the supply of cash currency will help stabilize the situation in the cash segment of the foreign exchange market and will not have a significant impact on the international reserves of Ukraine.
Recall that since the beginning of August, the National Bank resumed the sale of foreign currency in large volumes, and as of mid-August, the negative balance of interventions already amounted to 13,177.24 million. dollars and 1,678.14 million. Euro.
In fact, the National Bank began to buy foreign currency for only a short period of time, from July 21, after a 25% increase in the exchange rate. NBU managed to reduce sales to $33 million. At the same time, the NBU purchased $682 million in reserves, which was the largest amount since November 2021..
In total, since the beginning of the year, as of the end of August, the NBU bought $3,081.61 million and EUR 110.97 million on the interbank market. At the same time, the NBU sold 16,613.25 million dollars and 1,789.11 million euros.
The negative balance of interventions amounted to 13,531.64 million. dollars and 1,678.14 million. Euro.
Recall also that the National Bank allowed the sale of non-cash currency to Ukrainians from July 21.