During the first half of this year, Ukrainians sold a net $1.25 billion in dollars to banks,

Bohdan Danylyshyn, Chairman of the National Bank of Ukraine Council writes on Facebook. Citing “a steady predominance of foreign currency supply over demand,” he said that net foreign currency sales to bank in June totaled the equivalent of $329 million. Fueling the supply of dollars, Ukraine is enjoying high prices for its export commodities – iron, corn and wheat – and the Covid pandemic has curbed foreign travel to the EU.