Ukraine central bank limits withdrawals

Central bank governor Stepan Kubiv.

Central bank governor Stepan Kubiv.

Published Feb 28, 2014


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

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