Ukraine central bank limits withdrawals

Comment on this story


Stepan Kubiv1

Reuters.

Central bank governor Stepan Kubiv.

Kiev - Ukraine's central bank will limit foreign currency withdrawals from banking deposits to 15,000 hryvnia ($1,500) per day, central bank governor Stepan Kubiv told reporters on Friday, a move to tame hryvnia volatility.

The decision comes as Ukraine's foreign currency reserves dropped to $15 billion from $17.8 billion on February 1, after the central bank had to intervene in the market to prop up the weakening national currency. - Reuters


sign up
 
 

Comment Guidelines



  1. Please read our comment guidelines.
  2. Login and register, if you haven’ t already.
  3. Write your comment in the block below and click (Post As)
  4. Has a comment offended you? Hover your mouse over the comment and wait until a small triangle appears on the right-hand side. Click triangle () and select "Flag as inappropriate". Our moderators will take action if need be.

     

Join us on

IOL-Social networks IOL-Social networks IOL-Social networks IOL-Social networks

Business Directory