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Ukraine's central bank buys $70.8 mln at forex auction

Published 2016-06-30, 07:51 a/m
© Reuters. Ukraine's central bank buys $70.8 mln at forex auction

KIEV, June 30 (Reuters) - The National Bank of Ukraine
bought $70.8 million from banks on Thursday, one of the largest
amounts in recent weeks, after a weeklong break in the central
bank's auctions on a market which sees the local currency
firming.
On Thursday, the bank said it would buy up to $100 million,
accepting bids at an exchange rate between 24.8150-24.8300
hryvnias per dollar. Banks offered $81.4 million. At its last
auction on June 22, the central bank bought $22.4 million at
24.89-24.90 per dollar.
Meanwhile, the hryvnia's average rate on the interbank
market firmed to 24.8242 from 24.8544 per dollar in the previous
day.
The central bank has bought $429.6 million since early June,
following its requirement to banks to sell part of their foreign
exchange earnings.

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