Ukraine central bank to tighten capital controls if needed


  • World
  • Thursday, 12 Mar 2015

KIEV (Reuters) - Ukraine's central bank is prepared to tighten capital controls if the foreign exchange market deteriorates, according to the text of a letter of intent from Kiev to the International Monetary Fund released on Thursday.

"We are ready to tighten administrative measures temporarily to the extent necessary, should downside risk materialise and financial stability and FX market conditions deteriorate," the letter said.

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