March 17, 2020 / 1:52 PM / 17 days ago

Ukraine central bank has no plans to impose forex restrictions for now

KIEV, March 17 (Reuters) - Ukraine’s central bank does not plan to impose restrictions on the foreign currency market for now, Deputy Governor Oleh Churiy said on Tuesday, adding the central bank had reserves of $25 billion to continue market interventions.

The hryvnia currency has lost more than 5% against dollar since the beginning of March amid the coronavirus outbreak and an outflow of non-resident capital from domestic bonds. It weakened to 27 to the U.S. dollar on Tuesday for the first time since June 2019. (Reporting by Natalia Zinets; writing by Matthias Williams; editing by Andrew Heavens)

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