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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)
  20.10.2017 prev
USD 26.50 26.43
RUR 0.460 0.461
EUR 31.36 31.05

Stock Market
  19.10.2017 prev
PFTS 298.3 297.7
source: PFTS

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