Intervening aggressively to weaken the hryvnia, the central bank bought half a billion dollars net Saturday. Coupled with Thursday’s net purchase of $700 million, the National Bank of Ukraine’s net currency purchases in 2019 were $8 billion, a record high since 2007. With last week’s purchases, Ukraine’s foreign currency reserves are about $23.5 billion.
Intervening aggressively to weaken the hryvnia, the central bank bought half a billion dollars net Saturday.
