2023-07-06T13:39:00+03:00 Economy 2024-09-15T05:19:43+03:00

Ukrainian news

Population Buys Currencies By USD 176.4 Million More Than Sell In June

Population Buys Currencies By USD 176.4 Million More Than Sell In June

In June, the population bought currencies by USD 176.4 million more than they sold.

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

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

In June, Ukrainians sold currencies worth USD 1,397.7 million in equivalent, and bought USD 1,574.1 million in equivalent.

On March 8, 2022, the NBU allowed banks to sell cash foreign currency to customers in bank outlets located in territories under threat of occupation by Russia (if cash in foreign currency/bank metals is available in the cash desk/bank outlet).

Also, since April 14, the National Bank has allowed banks to sell cash foreign currency to the population.

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.

In 2019, the population sold currencies by USD 177 million more than they bought.

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 no lower than the official one.

The National Bank allowed banks to sell more currency to the public.

Thus, from September 6, the amount of cash currency that the bank can offer to the population will include the entire amount of non-cash currency purchased by it from April 13, 2022, instead of half of it.