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National Bank of Ukraine Conducts Cash Currency Exchange Operations for Banks
The National Bank of Ukraine conducted operations to exchange cashless foreign currency for cash to satisfy public demand. Demand from financial institutions remained moderate, and all submitted requests were satisfied in full. Four commercial banks participated in the foreign exchange transactions. Over a two-day period, the total cash supply offered by the central bank exceeded actual bank demand by more than three times. The regulator confirmed that these exchange operations change the form of currency assets without impacting international reserves.