May 7, 2020 / 1:59 PM / 20 days ago

Ukraine central bank signs $0.5 bln swap agreement with EBRD

KIEV, May 7 (Reuters) - Ukraine’s central bank said on Thursday it had signed a two-year swap agreement with the European Bank for Reconstruction and Development (EBRD) worth $500 million to help the country weather the economic fallout from the coronavirus pandemic.

“This will enhance macro-financial stability in Ukraine during the global crisis caused by the coronavirus pandemic,” the central bank said in a statement.

The agreement allows Ukraine’s central bank to exchange the hryvnia national currency into dollars for up to three months with the possibility of a rollover. (Reporting by Natalia Zinets Editing by Gareth Jones)

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