2024-08-09T15:01:00+03:00 Finance 2024-09-15T04:11:06+03:00

Ukrainian news

Population buys currencies by record USD 1,024.4 million more than sells in July

Population buys currencies by record USD 1,024.4 million more than sells in July

In July, the population bought currencies by USD 1,024.4 million more than sold.

This is stated in the reporting data of the National Bank of Ukraine (NBU), the Ukrainian News agency reports.

On the cash foreign exchange market in July, the net purchase of currency by the population exceeded the sale.

In July, Ukrainians sold currencies worth USD 1,331.4 million equivalent, and bought USD 2,355.8 million equivalent.

In 2023, the population bought USD 3,362.1 million more than sold.

On July 21, the NBU adjusted the official hryvnia exchange rate by 25% to 36.5686 UAH/USD.

From August 6, 2022, the National Bank canceled the restriction, according to which banks and non-banking institutions had to buy cash currency from the population at a rate not lower than the official one.

In addition, the National Bank has been implementing managed exchange rate flexibility since October 3.

As Ukrainian News Agency earlier reported, according to the results of 2022, the population bought currencies for USD 1,009.5 million more than they sold.

In 2021, the population sold currencies by USD 1,214.7 million more than they bought.

In 2020, sales of cash currency exceeded purchases by USD 1.098 billion.

The NBU canceled all currency restrictions for the import of works and services and allowed the repatriation of "new" dividends.