Bloomberg News

Ukraine’s Currency Market Stable as Dollar Demand Declines

April 09, 2012

Ukraine’s currency market was balanced last month as public demand for dollars declined, the central bank said.

Dollar-demand by households was a quarter of what it was in March last year, Olena Shcherbakova, who heads the Natsionalnyi Bank Ukrainy’s monetary policy department, said today in a statement on the bank’s website. There were no dollar sales to support the hryvnia, she added.

“The market is quiet, participation of the central bank is nearing zero,” Shcherbakova said.

To contact the reporter on this story: Kateryna Choursina in Kiev at kchoursina@bloomberg.net

To contact the editor responsible for this story: Claudia Carpenter at ccarpenter2@bloomberg.net


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