The net sale of dollars by the National Bank in November, the second month after the transition from a fixed exchange rate regime to managed flexibility, decreased from $3.34B in October to $2.45B in November (-26.49%). Also, the net sale in November was even smaller than the September indicator, at $2.69B. At the same time, in the last week of the month the NBU sold the largest currency amount on the interbank market since the beginning of October, $739.5M.
In addition, from December 1 the NBU canceled all restrictions imposed on banks and non-bank financial institutions the sale of cash currency to the population. It is believed that this will help to minimize the difference between cash and non-cash rates and, as a result, stabilize exchange rate expectations and increase the foreign exchange market’s stability.
In addition, the list of payment services utilizing cross-border transfer that are allowed for citizens, including participants in hostilities who need treatment or recovery abroad, has been expanded.