NBU intervenes in UAH FX market

NBU intervenes in UAH FX market



26 лютого 2015 года
ICU

Following Tuesday's freefall in the hryvnia's FX rate, yesterday morning the NBU enacted new regulations of FX market operations that halted importers' bids for FX for few days. This effectively made the NBU the only buyside market player; exporters must sell FX under the NBU's surrender requirement. At the end of the day, the NBU reportedly bought a total of US$80m yesterday at official rate, according to the NBU, and assured the market it would do so again if future FX interventions are necessary. This move was mandatory as it stopped (albeit temporarily) market pressure on the oversold currency.

Источник: ICU

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