KIEV, Sept. 5 – Ukrainian bankers believe that the weakening of the hryvnia exchange rate is situational and they hope that the National Bank of Ukraine will sell the foreign currency from its reserves, which the market requires.
"Since July 15, 2012, the NBU has not sold foreign currency and yesterday [Monday, September 3] was a day off in the United States, and all yesterday's purchases came for today. No one canceled devaluation expectations and there was a reaction on the interbank market. In addition, it's obvious that yesterday the banks sold a lot of cash and today they have to buy it," a deputy head of one of the medium-sized banks with Ukrainian capital explained his vision of the situation.
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