Trying to break the hryvnia’s rise, the central bank bought $700 million worth of foreign exchange on Thursday – its largest purchase of the year.

Trying to break the hryvnia’s rise, the central bank bought $700 million worth of foreign exchange on Thursday – its largest purchase of the year. In one day, the National Bank of Ukraine bought the equivalent of 10% of all currency bought to date, raising net purchases to $7.5 billion. The operation succeeded in weakening the hryvnia by three kopiyok, to today’s rate of 23.29 to the dollar.