Ukraine central bank says currency can be stabilised without interventions
The National Bank of Ukraine (NBU) has foreign exchange intervention "as a tool at its disposal", but currently no need to use it, the director of the monetary policy department said last week – the day after another bank was banned from participating in the forex market.
Ukraine has been battling a sliding hryvnia since the crisis with Russia blew up two months ago. Olena Shcherbakova, director of the NBU's department of monetary policy said on Thursday that the central bank is standing by its
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