Currency Sales by Ukraine’s Central Bank Surge: What’s Driving the Interbank Market.

National Bank of Ukraine’s Operations: July 13–17, 2023

According to Мінфін — Крипто/Фінанси: Between July 13 and 17, 2023, the National Bank of Ukraine refrained from purchasing any foreign currency on the interbank market, but it offloaded a substantial volume. Total sales reached $1,074.31 million—an increase of $203.09 million compared to the previous week’s $871.22 million.

Since the start of the year, the central bank has bought just $1.05 million in foreign currency. In contrast, cumulative sales have hit $25,794.34 million. These figures highlight the NBU’s active role in managing the currency market and shoring up the hryvnia’s stability.

Ukraine’s International Reserves

As of July 1, 2026, Ukraine’s international reserves stood at $51.3 billion. In June 2026, these reserves climbed by 12.1%. Such levels point to a strengthening financial position and could bolster the currency market going forward.

An analysis of the National Bank of Ukraine’s actions shows that aggressive currency selling is part of a strategy to regulate the foreign exchange market and support the hryvnia amid economic turbulence.

The rise in international reserves also sends a positive signal to investors, potentially reinforcing confidence in Ukraine’s economy. The NBU is expected to keep the currency market under close watch, which should prevent sharp fluctuations in the hryvnia’s exchange rate.