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Nation    

Rumors of hryvnia devaluation spark local banking opposition
Journal Staff Report

KIEV, Oct. 23 The National Bank of Ukraine should refrain from revaluing Ukraine's currency, the hryvnia, as any revaluation could increase the foreign trade deficit, Ukrsotsbank Board Chairman Borys Tymonkin has said.

"I would not strengthen the exchange rate [of the hryvnia]. We should always remember the lessons of the past revaluation that caused the deficit in foreign trade China is being advised to strengthen its national currency too, but the country is listening to international experts and maintaining a stable exchange rate," the bank quoted Tymonkin in a release.




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Currencies (in hryvnias)
  15.12.2017 prev
USD 27.41 27.27
RUR 0.467 0.461
EUR 32.47 32.00

Stock Market
  14.12.2017 prev
PFTS 306.5 305.4
source: PFTS

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