KYIV, March 11 – The National Bank of Ukraine (NBU) sold $270 million in the interbank foreign exchange market on Tuesday, responding to the high demand for currency, which is linked to the worsening of mood of financial market players over the spread of coronavirus COVID-19 and the shocking drop in the prices of crude oil in recent days, the regulator has reported on its Facebook page.

"Almost the entire amount was sold in the morning [as of 13:00 the NBU had sold $250 million], and after lunch the situation on the foreign exchange market was relatively calm and did not require significant intervention from the NBU," the National Bank said.