Bloomberg News

Shumylo Doesn’t See Economic Reasons for Hryvnia Devaluation

October 28, 2011

Oct. 28 (Bloomberg) -- Ukrainian central bank doesn’t see “economic reasons for hryvnia devaluation,” Ihor Shumylo, the head of economic department at the regulator, said today at a Fitch Ratings conference in Kiev.

The hryvnia may trade near the current rate this year and in 2012, Shumylo said.

To contact the editor responsible for this story: Daryna Krasnolutska at dkrasnolutsk@bloomberg.net


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