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Article: Ukraine's National Bank to limit spread between official exchange rate, interbank rate.
- Article from:
- Russia & CIS Business and Financial Newswire
- Article date:
- May 7, 2009
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Ukraine's National Bank to limit spread between official exchange rate, interbank rate
KYIV. May 7 (Interfax) - A new rule from the National Bank of Ukraine (NBU) restricts the spread between the official hryvnia/dollar exchange rate and the interbank rate to no more than 2%.
The rule is contained in a NBU resolution dated April 30, an element of the financial policy memorandum approved in line with Ukraine's stand-by arrangement with the IMF. The text of the resolution is posted on the bank's web site.
The official exchange rate between the hryvnia and the U.S. dollar will now be set ...