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Ukraine capital controls stem fall in its currency

Posted on 11 February 2014

Ukraine’s imposition of capital controls has stemmed a slide in its currency, but has done little to calm fears that the country will default on its debt in the absence of international aid, as the political crisis deepens.
The hryvnia, which fell to a five-year low below 9 to the dollar last week, has rallied around 5 per cent since the central bank stepped in last Friday, imposing a cap on foreign currency purchases by individuals and a ban on buying foreign currency to invest overseas or to repay foreign debts early………………………………………..Full Article: Source


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