2023-10-03T20:59:00+03:00 Politics 2024-09-15T05:02:42+03:00

Ukrainian news

NBU lowers official hryvnia for the first time since July 2022

NBU lowers official hryvnia for the first time since July 2022

The National Bank of Ukraine has lowered the official hryvnia rate for October 4 by 2.15 kopecks to 36.5901 UAH/USD.

The central bank has said this in a statement, Ukrainian News Agency reports.

Before that, the NBU last lowered the official hryvnia exchange rate in late July 2022, and before that - at the beginning of the full-scale invasion of Ukraine by the aggressor country of the russian federation.

On the previous trading day, the NBU retained the official hryvnia rate for October 3 at 36.5686 UAH/USD.

Official hryvnia rate to foreign currencies:

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

From August 6, 2022, the NBU 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 NBU 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.

The National Bank has been implementing managed exchange rate flexibility since October 3.