Ukraine cbank to lift ban on forwards, spot FX deals

August 27, 2009

A man passes a foreign currency exchange rate board in Kiev July 30, 2009. The Ukrainian hryvnia currency has fallen in recent weeks, despite the central bank spending its foreign currency reserves, as people demanded to buy the dollar in times of economic uncertainty.   REUTERS/ Konstantin Chernichkin (UKRAINE POLITICS BUSINESS)    KIEV, Aug 27 (Reuters) – Ukraine’s central bank will end a ban on forward and spot trades on the foreign currency market as of Oct. 26, according to documents published on Thursday.
   The central bank had banned in April the trades until the start of next year in a move aimed at increasing foreign currency supply to the market and to help support the hryvnia currency. ((Kiev bureau; tel: +380 44 244 9150; RM:; editing by David Stamp))
 Keywords: UKRAINE CBANK/ 
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 Thursday, 27 August 2009 14:53:24RTRS [nLR163497] {EN}ENDS

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