The hryvnia has crossed the symbolic barrier of 27 to dollar, strengthening to today’s official level of 26.86. To prevent the hryvnia from overvaluing, the central bank has bought $2 billion from the population this year, Bohdan Danylyshyn, chairman of the Nati... #HryvniaDollar #Hryvniastrengthen
Foreign purchases contributed to the hryvnia appreciating 1% against the dollar last week and 5.2% so far this year. To hold the line at 27 hryvnia to the dollar, the National Bank of Ukraine bought $375 million in dollars last week. ICU writes: “This week, we expect foreigners to invest more funds in local-currency... #HryvniagoesUp #Hryvniastrengthen
