The National Bank, during the week from October 30th to November 3rd, sold 563.45 million dollars and bought 0.65 million dollars on the interbank foreign exchange market, according to the NBU data.
According to the data on currency interventions, the National Bank sold 563.45 million dollars on the interbank foreign exchange market for the week, which is 113.15 million dollars less than the week before when the sales volume from reserves was 676.7 million dollars.
During the same period, the regulator bought 0.65 million dollars, while the week before it was 1.55 million dollars.
On October 2nd, the National Bank announced the transition from a fixed exchange rate regime. Starting from October 3rd, the official exchange rate of the dollar began to change for the first time since July 2022.
The new regime at the NBU is called "managed exchange rate flexibility." The transition to it is one of the steps towards full currency liberalization and a return to the pre-war regime of the foreign exchange market.
As a result, the NBU will no longer set the exchange rate of the dollar directly. Starting from October 3rd, the dollar exchange rate changes according to the situation in the foreign exchange market.
In total, since the beginning of the year, the National Bank has sold 23.177 billion dollars and bought 210.62 million dollars.
