KIEV, Nov. 14 – The hryvnia regained some value against the U.S. dollar on Wednesday after the National Bank of Ukraine intervened by selling hard currency from foreign exchange reserves, dealers said.

The hryvnia closed at 8.26 to the dollar in trading between commercial banks on Wednesday, compared with 8.30/dollar on Tuesday and 8.21/dollar on Monday.

Seeking to calm down the panic that triggered the hryvnia’s fast drop to the lowest level in three years on Tuesday, the NBU declared it will be selling dollars well below the market rate, at 8.05/dollar.

However, in the course of trading, the NBU rejected more than half the bids from commercial banks, citing different reasons, the dealer said.