NBU strengthens currency market with intervention using single exchange rate over cyber attack

The National Bank of Ukraine (NBU) on Thursday backed up the currency market with an intervention using the single exchange rate on Thursday over a cyber attack. The central bank bought currency at UAH 26.07/$1 and sold it at UAH 26.12/$1, the NBU has reported on its website.

"Over a recent cyber attack operations of some banks was limited, which affected the functioning of the interbank currency market and distorted the exchange rate formation. The NBU has decided to support the functioning of the currency market using a currency intervention," the NBU's press service reported, citing Deputy NBU Governor Oleh Churiy.