Ukraine’s central bank has spent more than $300 million since July 1 to prop up the hryvnia,
Tuesday, August 7, 2018

Ukraine’s central bank has spent more than $300 million since July 1 to prop up the hryvnia,

Ukraine’s central bank has spent more than $300 million since July 1 to prop up the hryvnia, Oleg Churiy, a deputy governor at the National Bank of Ukraine, tells Bloomberg. “We depend on the IMF and how quickly the Finance Ministry will be able to borrow on the market,” Churiy says. “If there are no external funds, our reserves will decline due to debt repayments and interventions.” Bloomberg calculates the government could burn up $1 billion defending the hryvnia, which slipped on Monday to 27 to the dollar.

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Three Ukrainians have been arrested in Europe on criminal hacking charges including stealing payment card numbers, in attacks on more than 100 U.S. companies

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A Norwegian company and an Austrian company plan to build a total of $500 million worth of wind power plants on Kherson region’s southern coast

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