Ukraine lawmakers give cbank power to order forex conversions
KIEV Nov 6 (Reuters) - Ukraine's parliament voted on Tuesday to give the central bank legal powers to force exporters to convert at least part of their foreign currency earnings into hryvnias.
Such measures have been used by other emerging market central banks to defend their currencies in crisis situations since 2005.
The central bank has used market interventions to keep the hryvnia trading at around 8 per dollar.
- U.S. nurse defies Maine's Ebola quarantine, takes bike ride |
- Clashes erupt as Israeli police kill Palestinian suspected of shooting Jewish far-rightist
- Apple's Cook: 'I'm proud to be gay'
- SoftBank's humanoid robot lands job as Nescafe salesman
- Ukraine, Russia, EU likely to agree gas supply deal on Thursday: officials