OREANDA-NEWS. On October 17, 2014, the National Bank of Ukraine intervened in the foreign exchange market by selling USD 199.97 million to 69 banks at the single exchange of 12.95 UAH = 1 USD. The foreign exchange was sold to banks to enable them to meet the demand for foreign exchange from their clients.

It should be noted that foreign exchange interventions allowing the National Bank to meet to a large extent banks' demand for foreign exchange are accompanied by tightening of control over the use of foreign exchange. All the foreign exchange acquired by banks through foreign exchange interventions should be used for intended purposes within 5 working days. The unused foreign exchange should be sold back to the National Bank of Ukraine the next day after termination of this period.