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7 months ago
Ukraine central bank to defend hryvnia with $100 mln sale
December 28, 2016 / 9:59 AM / 7 months ago

Ukraine central bank to defend hryvnia with $100 mln sale

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KIEV, Dec 28 (Reuters) - The Ukrainian central bank said it would sell up to $100 million on Wednesday to defend the hryvnia from seasonal swings, adding that fluctuations happened as businesses made scheduled year-end debt payments in foreign currency.

The hryvnia stood at an average rate of 26.78 to the dollar on Wednesday, according to central bank data. (Reporting by Natalia Zinets; editing by Matthias Williams and John Stonestreet)

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