Thursday, April 17
The central bank sold $200 million yesterday, guiding the hryvnia official exchange rate down to 27.80/dollar today.
Friday, March 20, 2020
The central bank sold $200 million yesterday, guiding the hryvnia official exchange rate down to 27.80/dollar today. Since the March 9 banking holiday, the central bank has spent $1.7 billion, letting the hryvnia devalue by 11% against the dollar. Following this strategy of controlling mini-devaluations, the central bank sold $200 million Wednesday and $300 million Tuesday. In a posting on Facebook, central bank officials maintained their policy of not adopting foreign exchange controls. Ukraine’s foreign currency reserves are $25 billion.
