The central bank has sold $350 million since Tuesday, easing pressure on the hryvnia, Dmitry Sologub a deputy governor of the National Bank of Ukraine, told reporters yesterday. “For me, there is no other explanation, except that this is due to public statements about the need for devaluation, that the hryvnia will be weaker,” he said. Over the last two weeks, President Zelenskiy and leaders of his Servant of the People party have called for the hryvnia to devalue to 30 hryvnia / dollar. Today, the official exchange rate is 27.87 hryvnia / dollar.
The central bank has sold $350 million since Tuesday, easing pressure on the hryvnia,
