National Bank of Ukraine increases forex intervention to $783.6 mln over past week

MOSCOW. May 13 (Interfax) - The National Bank of Ukraine (NBU) last week increased the amount of U.S. dollars it sold on the interbank market by $0.5 million, or 0.6%, to $783.6 million, Ukrainian media reported citing a statement on the NBU's website.

Over the first four days of last week, the average daily negative balance between forex purchases and sales by legal entities increased to $103.6 million from $100.1 million over the same period the previous week to total $414.5 million.

At the same time, the balance between purchases and sales of forex on the cash market last week was negative all days, averaging $13.1 million.

The official hryvnia-dollar exchange rate strengthened to UAH 43.8033/$1 from 43.9129/$1.

The exchange rate on the cash market also strengthened by around UAH 0.02, its buy rate being UAH 43.54/$1 and its sell rate UAH 43.92/$1.