Bloomberg News

Ukraine Raises Foreign-Currency Deposit Reserve Ratio, IFX Says

November 17, 2011

Nov. 17 (Bloomberg) -- Ukraine’s central bank raised lenders’ necessary reserve ratio on short-term deposits denominated in foreign currency to 7.5 percent from 6 percent, Interfax-Ukraine news agency reported today, citing a letter from the regulator to banks.

The central bank raised the reserve requirements for foreign-currency deposits to help the hryvnia, according to Interfax. The new rules will take effect Nov. 30, the news agency said.

--With assistance from Kateryna Choursina in Kiev. Editors: Balazs Penz, Louis Meixler

To contact the reporter on this story: Daryna Krasnolutska in Kiev at dkrasnolutsk@bloomberg.net

To contact the editor responsible for this story: Balazs Penz at bpenz@bloomberg.net


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