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                        FRIDAY, JANUARY 19, 2018
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NBU warns about hryvnia stability amid accumulation of cash by government
Journal Staff Report

KYIV, Nov 16 The Council of the National Bank of Ukraine (NBU) points out growing risk of stability of the national currency, as the government and local authorities have accumulated large amounts of unspent money.

"The Ukrainian government has accumulated record hit ending stocks on the treasury account at the NBU. The funds of local budgets continue be placed on banks' deposits, instead of expanding investment into the real economic sector. Taking into account the current state of the monetary and credit market, spending of these funds in the short period of time as it was done traditionally at the end of the year, could have larger risks for stability of the national currency of Ukraine than in the previous years," the council said after a meeting on October 31, 2017.




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Currencies (in hryvnias)
  19.01.2018 prev
USD 28.78 28.67
RUR 0.507 0.507
EUR 35.21 34.98

Stock Market
  18.01.2018 prev
PFTS 330.8 334.2
source: PFTS

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