Fighting a strengthening hryvnia, the central bank bought $136 million on the interbank foreign exchange market last week

– more than four times the $32 million bought the previous week. So far this year, the National Bank of Ukraine has purchased a net $1 billion to prevent the hryvnia from overvaluing against the dollar. At today’s exchange rate — UAH 26.84 / $1 – the hryvnia is is 5% stronger against the dollar than at the start of the year.