(MENAFN) According to data posted on the National Bank of Ukraine's (NBU) website, the NBU sold USD 605.24 million on the interbank foreign exchange market and acquired USD 9.7 million between February 20 and February 24, 2023. The NBU's foreign exchange interventions have resulted in a total sale of USD 5.459 billion and purchase of USD 52.35 million on the interbank foreign exchange market since the start of 2023.

The NBU's interventions are part of its efforts to stabilize the Ukrainian hryvnia and ensure financial stability in the country. The central bank conducts foreign exchange interventions in order to influence the exchange rate of the national currency.

In 2022, the NBU sold USD 26.380 billion and EUR 1.789 billion, as well as acquired USD 3.267 billion and EUR 110.97 million, on the interbank foreign exchange market. The NBU's interventions in 2022 were primarily aimed at mitigating the negative impact of the COVID-19 pandemic on the Ukrainian economy and ensuring financial stability during a period of heightened uncertainty.

The NBU's foreign exchange interventions have been a key tool in maintaining financial stability and supporting the Ukrainian economy. The central bank will continue to monitor market conditions and conduct interventions as necessary to ensure the stability of the national currency and the financial system as a whole.

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