Ukraine central bank offers to sell dollars at 23.5 hryvnias, buy at 21.5

06 Apr, 2015

KIEV: Ukraine's central bank said on Monday it was offering to sell dollars at 23.50 hryvnias and buy at 21.50 as part of regular interventions to keep the domestic currency stable.

The bank held its main interest rate at 30 percent last week and warned of a further risk of depreciation and high inflation.

The hryvnia lost 50 percent in value against the dollar in February but has since stabilised after the bank hiked rates, launched interventions and tightened currency controls.

The official rate stood at around 23.30 to the dollar on Monday, compared with February's record high of over 30.

Copyright Reuters, 2015

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