In order to replenish banks' cash departments with foreign exchange to enable banks to conduct currency exchange transactions, on October 29, 2014, the National Bank of Ukraine carried out regular foreign exchange intervention by selling USD 86.84 million at the single exchange rate of 12.95 UAH = 1 USD. 100% of banks' demand for foreign exchange was met.
The sale of foreign exchange was made on condition that a bank had submitted a bid for the purchase of foreign exchange to the National Bank of Ukraine in advance. The maximum bid amount should not exceed 20% of the announced amount of foreign exchange interventions.