National Bank of Ukraine berates banks

The National Bank of Ukraine has issued a strongly worded warning against to domestic banks engaging in "improper conduct" in foreign exchange markets.

The central bank said that it had recently come to light that Ukrainian banks "have been trying to conduct improper operations by offering to sell large amounts of foreign currency which they did not have available."

In addition, the Bank says that the real sums of money available to these banks prohibited them from conducting such operations

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