The average daily amount of net demand for cash foreign currency in September plunged by 1.6 times from August, the NBU has said on its Web site.
“The average daily amount of net demand for cash foreign currency on
the cash segment of the forex market decreased by 1.6 times compared to
August. At the same time, the forex rate of the hryvnia against the
U.S. dollar during dollar sales strengthened by 0.2% over the month, to
UAH 8.3118 per U.S. dollar,” reads the report.
However, the NBU said, in September there was an increase in net
demand for foreign currency in foreign trade operations because of a
seasonal rise in payments under foreign contracts, which fueled net
foreign currency demand on the interbank forex market.
In September 2009, the NBU sold $240 million, CHF 3 million and EUR
1.1 million at reduced rates at auctions aimed at supporting
individuals’ credit repayments.
Moreover, the NBU held auctions to sell currency without limitations on purposes for buying, at which it sold $287.3 million.
