Reuters logo
Ukraine cbank limits foreign currency withdrawals by 15,000 hryvnia per day
February 28, 2014 / 9:46 AM / 4 years ago

Ukraine cbank limits foreign currency withdrawals by 15,000 hryvnia per day

KIEV, Feb 28 (Reuters) - 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 Feb. 1, after the central bank had to intervene in the market to prop up the weakening national currency.

Reporting by Natalia Zinets; writing by Katya Golubkova; editing by Steve Gutterman

Our Standards:The Thomson Reuters Trust Principles.
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below