You're reading: NBU to tender 1-3 month depository certificates every week

The National Bank of Ukraine (NBU) will tender one-three-month depository certificates every week, according to the NBU website.

“The market was offered a new short-term instrument for managing liquidity through holding weekly auctions on placement of depository certificates for a period of one to three months with defining the price of their placement during the holding of percentage tenders with a limited volume,” reads a statement issued by the central bank.

According to the chief of the department for operations in the open market and government securities placement at the NBU, Mykola Selekhman, by offering the market a new short-term liquidity management instrument the regulator allows the market to independently determine the value of resources.