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NBU commented the volitile hryvna

NBU commented the volitile hryvnaNational Bank of Ukraine will continue to sell currency to control sharp fluctuations caused by temporary factors, Gazeta.ua.

The deputy head of the NBU Oleg Churiy on the official website of the institution posted on Facebook: "In August we resumed selling foreign currency on the interbank market due to the strengthening of seasonal fluctuations of the exchange rate in recent weeks and the market failure to reduce them on its own due to its low level.

"Since August 31 four auctions have been held in which we satisfied the application for $140mln. The National Bank has the opportunity to further smooth the fluctuations due to increases in international reserves in the past five months to a level of $14.1bln," he added.

Despite the exchange rate fluctations, the National Bank confirms the forecast inflation at 12% by the end of this year and 8% by the end of next year.
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