The Central Bank has reduced the sale of reserves to a minimum due to the fall in demand for foreign currency.

In April 2023, the National Bank of Ukraine bought $3.7M on the interbank foreign exchange market and sold $1.374B. The negative balance amounted to $1.37B.

According to the regulator, currency sales on the interbank decreased by 19.7% compared to March, when the central bank sold $1.669B. The sales volume was the lowest since August 2022, when the NBU sold only $1.329B.

In addition, the amount of cash foreign currency that banks brought into Ukraine in March 2023 was $770M, which is $91.6M less than in February. The volume of imported money decreased after the local peak at the beginning of the year.

According to the NBU, $36M was taken out of Ukraine in March, which is $5.3M more than in February.