KYIV, Oct 20 – Ukraine’s local currency, the hryvnia, stabilized against the U.S. dollar on the interbank foreign exchange market, following 0.2% drop over the past week, as domestic supply of US dollars had accelerated, Bohdan Danylyshyn, the head of the NBU Council said.

The main cause of hryvnia’s depreciation last week was attributed to non-residents expatriating cash, but this has been recently balanced out with $60 million inlux of hard cash from residents.