Business news from Ukraine

NATIONAL BANK OF UKRAINE BUYS $600 MLN TO STABILIZE UKRAINIAN CURRENCY

11 February , 2022  

Since the stabilization of the foreign exchange market, the National Bank has bought $600 million, First Deputy Prime Minister – Minister of Economy Yulia Svyrydenko said.
“The National Bank is now buying funds (from the foreign exchange market), has already bought $600 million. We can state that the panic in the foreign exchange market has passed,” she said at a meeting of the Congress of Local and Regional Authorities in Kharkiv.
At the same time, she indicated that by the end of 2022 inflation is expected to stabilize and reach the target of 5%.

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