The National Bank of Ukraine (NBU) on Sept. 8 sold $93.89 million in the first currency auction since 2010 to stabilize the hryvnia exchange rate, the press service of the central bank has told Interfax-Ukraine.
According to the press service, this satisfied almost 100 percent of the demand on the market, along with other applications for the sale of foreign currency.
“The regulator will actively participate in the Ukrainian currency market in the future and it will consider all possible financial tools, which will be used not only to stabilize the market, but also build it and boost it,” the press service said, referring to NBU Governor Valeriya Gontareva.
The central bank said that nine banks submitted applications to the auction on the sale of foreign currency for hryvnias to satisfy the needs of its clients and they were closed at the exchange rate of Hr 12.90/$1.
