Page 48 - UKRRptJul20

Ukraine will refrain from introducing new currency restrictions during the Stand-By Arrangement (SBA) of the International Monetary Fund (IMF), according to the letter of intent signed by the president, the prime minister, the heads of the Ministry of Finance and the National Bank of Ukraine (NBU) and published by the fund on June 11.
With the purchase of $411mn on the interbank foreign exchange market in the first week of June the National Bank of Ukraine zeroed out the impact of its big sales in March​ to defend the hryvnia. Since the start of this year, the central bank has bought $347.5mn more than it sold. “By this way, this week we blocked the result of ‘black’ March and entered the plus for foreign exchange interventions,” the bank reported. Reserves are back to $25.4bn.
48​ UKRAINE Country Report​ July 2020 ​ ​www.intellinews.com