Poland offers Ukraine swap line as NBU suspends FX transactions

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The National Bank of Ukraine suspended most foreign exchange transactions today (February 24) as Russian forces invaded the country.

Poland’s central bank today offered the NBU a 4 billion zloty (approximately $950 million) currency swap line. The National Bank of Poland said it would support its Ukrainian counterpart.

The Ukrainian hryvnia fell sharply against foreign currencies, reaching 29.78 against the dollar earlier today from around 27.30 at the beginning of the year.

The NBU said it

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