Last week, the National Bank of Ukraine sold $350 million to halt the slide of the hryvnia. Today it trades at 27.7 to the dollar. Easing the demand for dollars and helping the hryvnia, most Ukrainians are vacationing inside the country this summer. According to Finance Ministry figures, since the start of the year, foreign holdings of hryvnia bonds have dropped by 20.5%, or $850 million.
Last week, the National Bank of Ukraine sold $350 million to halt the slide of the hryvnia.
