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Foreign exchange market turnover decreases five times.

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The trading turnover decreased from $500-700 million to $100-200 million since the beginning of Russia's full-scale invasion of Ukraine, according to Oleksii Lupin, director of the National Bank of Ukraine’s Open Market Operations Department.

He also said that 75% of the total demand for the currency is card transactions when Ukrainian refugees withdraw from hryvnia cards abroad and the other 25% is from demands in critical areas, such as in the purchase of weapons and fuel.

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The Kyiv Independent news desk

We are the news team of the Kyiv Independent. We are here to make sure our readers get quick, essential updates about the events in Ukraine. Feel free to contact us via email with feedback and news alerts.

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