KIEV (Reuters) - Ukraine's central bank tried to dampen fears about its currency on Friday after imposing new capital controls to bolster the hryvnia that banks said were likely to cripple trade and lead to a currency black market.
Ukraine is struggling to prop up its currency amid a political crisis that has seen anti-government demonstrators take to the streets to protest against a move closer to Moscow's economic orbit, and a debt crisis that has left it on the verge of bankruptcy.
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!