OREANDA-NEWS. On October 24, 2014, the National Bank of Ukraine conducted regular foreign exchange intervention by selling USD 199.97 million to banks at the single exchange of 12.95 UAH = 1 USD to meet the demand from banks' clients. 46% of banks' demand for foreign exchange was met. 72 banks participated in foreign exchange intervention operations.

At the meeting with the senior management team of the National Bank, the senior managers of the major banks pointed out that regular foreign exchange interventions carried out by the National Bank of Ukraine had helped markedly reduce the deferred demand for foreign exchange from business entities. At the same time, the National bank of Ukraine reminds banks that it exercises control over the intended use of funds purchased by banks in foreign exchange interventions.