Daily Insight -- Liquidity is on YTD low
​Despite Monday's currency auction when the NBU bought US$50m, banking sector liquidity continued to decline. As of Tuesday morning, it stood at UAH93.59bn, down UAH1.8bn from the previous day, mainly due to the State Treasury's drain on reserves and lesser so to the conversion of reserves into cash currency (i.e. cash outflow). Banks' reserve accounts with the NBU declined along with investments in CDs.
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