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Kryvorizhstal money threatens forex mkt
Journal Staff Report

KIEV, Oct. 25 – The National Bank of Ukraine and the government scrambled Tuesday seeking safe ways of converting huge Kryvorizhstal sell-off proceeds into local currency and avoiding a collapse of the forex market, officials said.

Mittal Steel, the world’s biggest steel producer, is expected to channel $4.79 billion to the government within some 36 days for a 93% stake in Kryvorizhstal it won at the auction Monday.




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Currencies (in hryvnias)
  18.12.2017 prev
USD 27.64 27.41
RUR 0.469 0.467
EUR 32.63 32.47

Stock Market
  15.12.2017 prev
PFTS 306.5 306.5
source: PFTS

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