The FINANCIAL — The National Bank of Ukraine has registered the reduction of its interventions on the interbank foreign exchange market from USD 1,729.6 million in February to USD 1,077.4 million in March, the NBU said.
Besides, USD 254.5 million and EUR 1.8 million were sold at six foreign currency auctions to redeem the foreign currency loans by borrowers.
The interventions assisted in reduction of foreign currency deficit on the domestic market, the NBU said.
At the same time, the population's net demand for the foreign currency in the cash segment fell by 2.6 times in March over February.
"This assisted in enhancement of the hryvnia and the exchange rate strengthened by 2.2% in the frames of banks' transactions in cash dollars. At the same time, the hryvnia exchange rate strengthened by 1.7% on the interbank market," the report said.
The official hryvnia exchange rate was unchanged since March and fixed at the level of 7.70 UAH/USD.
The hryvnia has devaluated against euro by 3.2% to 10.16 UAH/EUR, and against Russian rubles by 5% to UAH 2.26/RUR 10.
As Ukrainian News earlier reported, in January the balance of interventions of the NBU on the interbank foreign exchange market in January was negative and amounted to USD 1,611.2 million.
The foreign reserves of the NBU were estimated at USD 26,458.74 million as of February 28.
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