The FINANCIAL — Supply of foreign currency exceeds demand at the interbank forex market since early March, the National Bank of Ukraine has announced in a statement.
"Since the start of March, foreign currency supply has exceeded demand at the Ukrainian interbank forex market. This is helped by the positive balance of net proceeding of foreign currency from non-residents," it says.
Such trends enable the National Bank for regular buying foreign currency at the interbank market, which favoured increase of international reserves.
The National Bank notes it backed payments of the national joint-stock company Naftohaz Ukrainy for its external contracts.
As Ukrainian News earlier reported, the hryvnia exchange rate strengthened 0.5 kopeck at the interbank forex market to 7.975 from 7.980 UAH/USD since early March.
For the same period the official hryvnia rate strengthened by 1.2 kopeck to 7.978 from 7.990 UAH/USD.
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