Ukraine central bank curbs forex purchases


  • World
  • Friday, 07 Feb 2014

KIEV (Reuters) - Ukraine's central bank said on Thursday it had introduced restrictions on certain types of foreign exchange purchase to help defend the stability of the banking system at a time of volatility in the currency market.

In measures it said followed efforts to stabilise the hryvnia in recent weeks - during which political conflict in Ukraine has alarmed investors - the National Bank of Ukraine also said it would be offering extraordinary tenders to support banking liquidity, with funds available up to 360 days.

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