On 11 March 2026, the National Bank of Ukraine conducted transactions to exchange banks’ non-cash foreign currency for cash foreign currency to replenish their cash holdings. Banks’ demand for such transactions remains moderate, indicating that banks have sufficient stocks of foreign cash.
The results of the transactions to supply banks with foreign currency cash on 11 March are as follows:
- announced volume – USD 100 million and EUR 50 million
- participants – one bank
- total demand – USD 40 million and EUR 34 million
- the bid was fully satisfied.
As was mentioned before, the NBU decided to conduct these transactions as a precautionary measure. The goal is to support banks’ cash foreign-currency liquidity if needed, following the unlawful seizure of Oschadbank cash-in-transit vehicles in Hungary. These transactions by the NBU do not affect the level of Ukraine’s international reserves.
Overall, between 9 and 11 March, the NBU conducted several such transactions. Their results show that demand from banks was significantly lower than the amount offered by the NBU. This confirms that there is no shortage of foreign cash.
The National Bank of Ukraine continues to closely monitor the situation and remains ready to support banks in ensuring sufficient foreign cash in their vaults to meet the needs of Ukrainians. The frequency and size of such transactions will depend on demand from the banking system.
On 10 March, the NBU published the results of transactions to supply banks with foreign currency cash for 9–10 March 2026. On both days, the amount offered significantly exceeded actual demand from banks.