Kyrgyzstan, Ukraine central banks play down currency fears

US dollar plane

Kyrgyzstan and Ukraine's central banks have issued statements insisting their currencies will not suffer sharp depreciations, two days after the devaluation of the Kazakhstani tenge.

The Kyrgyzstani som has steadily weakened against the US dollar over the past two years, but has experienced a pronounced decline since the turn of the year, falling by 4.9% since January 1.

Meanwhile the Ukrainian hryvnia has oscillated between 8.4 and 8.8 against the US dollar over the past two weeks, the most vol

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