Thomson Reuters Foundation

Inform - Connect - Empower

Ukraine's cbank says does not plan intervention on forex market

Source: Reuters - Wed, 26 Feb 2014 14:10 GMT
Author: Reuters
Tweet Recommend Google + LinkedIn Email Print
Leave us a comment

KIEV, Feb 26 (Reuters) - Ukraine's central bank does not plan to intervene in the foreign currency market to defend the country's currency in the coming days, the bank's governor, Stepan Kubiv, said on Wednesday.

Earlier in the day, a senior official at the central bank said it had abandoned a managed exchange rate policy in favour of a flexible currency..

The hryvnia hit a record low of 10.00 per dollar earlier, bringing its losses this year to 19 percent. (Reporting by Natalia Zinets; Writing by Lidia Kelly, editing by Elizabeth Piper)

We welcome comments that advance the story through relevant opinion, anecdotes, links and data. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of the Thomson Reuters Foundation. For more information see our Acceptable Use Policy.

comments powered by Disqus
Most Popular
LATEST SLIDESHOW

Latest slideshow

See allSee all
FEATURED JOBS
Featured jobs