The National Bank of Ukraine (NBU) at the auction on the sale of foreign currency on March 19 in the amount of up to 100 million euros fully satisfied applications from six banks for 35 million euros, according to the regulator’s website.
According to the report, on March 20, the NBU will conduct the second operation to exchange cash euros in the amount of up to 100 million euros.
The National Bank explained that such operations are carried out using trade and information systems used by the banks and for operations in the interbank foreign exchange market.
It is specified that the participants in these operations are ten banks with the largest amount of individuals’ funds in foreign currency, taking into account savings certificates as of the first working day of the current quarter (Jan. 2, 2020). According to the central bank, the list includes PrivatBank, Oschadbank, Alfa-Bank, Ukreximbank, Ukrgasbank, UkrSibbank, FUIB, Raiffeisen Bank Aval, OTP Bank and Pivdenny Bank, which account for more than 80% of the total population’s foreign currency funds.
The National Bank noted that operations for the exchange of cash currency for non-cash do not affect the volume of international reserves of Ukraine, which is sufficient to smooth out fluctuations in the foreign exchange market and fulfill all external obligations of the state.
