Bloomberg News

Ukrainian President Wants Currency Corridor, Interfax Reports

July 03, 2012

Ukrainian President Viktor Yanukovych said the national currency, the hryvnia, needs a trading band, Interfax-Ukraine newswire reported, citing an address by Yanukovych to parliament, the text of which was handed out to lawmakers.

The Kiev-based Natsionalnyi Bank Ukrainy controls the hryvnia exchange rate by buying or selling dollars on the interbank market.

-- Editors: Elizabeth Konstantinova, Andrew Langley

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

To contact the editors responsible for this story: James M. Gomez at jagomez@bloomberg.net;


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