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Ukraine currency peg defence under threat

Posted on 04 February 2014

Ukraine’s central bank may be giving up its defence of the country’s currency peg in order to conserve foreign exchange reserves depleted by debt repayments.
Since a big devaluation in 2009, policy makers had kept the hryvnia relatively stable against the dollar, but with Russia threatening to delay financial aid until it sees a new government formed, that policy is coming under increasing strain………………………………………..Full Article: Source

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