The National Bank notes that during the week (March 7–13), transactions between banks in the foreign exchange market resumed. The volumes of these transactions are still insignificant—about $10 million in equivalent (before the outbreak of war, the volume of transactions per day was at the level of several hundred million dollars—Ed. 
), but this is an important basis for further getting market mechanisms back on track.
"Despite the ongoing war, the National Bank is interested in having banks work as actively as possible among themselves. The rates at which the National Bank carries out transactions for the purchase and sale of foreign currency with banks, despite their locking in, create a certain space within which market mechanisms can operate," said Yuriy Heletiy, Deputy Governor of the NBU.
Context. On the morning of February 24, the National Bank promptly made decisions to lock in the exchange rate at the level of February 24 and suspend the work of the foreign exchange market, except for the sale of foreign currency by clients.
On the evening of February 24, the NBU eased and clarified a number of restrictions, allowing, in particular, transactions between banks on a swap basis.
As early as March 1, operations on the exchange of foreign currency between banks within the 1st group of the Classifier of Foreign Currencies and Bank Metals were allowed.
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