March 16, 2020 / 8:21 AM / 3 months ago

Ukraine central bank prepared to sell up to $200 million in auction on Monday

KIEV, March 16 (Reuters) - Ukraine’s central bank is ready to sell up to $200 million on Monday to support the hryvnia currency, it said in a statement.

The central bank had indicated on Thursday it was ready to continue market interventions as the hryvnia slipped to 26 to the dollar for the first time since July 2019, with markets hit by the coronavirus outbreak. There has also been an outflow of non-resident capital from domestic bonds.

The central bank sold $982 million last week. (Reporting by Natalia Zinets; Writing by Matthias Williams; Editing by Alex Richardson)

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