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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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