"Get used to market volatility," National Bank of Ukraine (NBU) Governor Valery Gontareva told reporters in Kiev on Thursday.
Happening to Ukrainian #Hryvnia right now while John Kerry is arriving in Kiev for talks. The market is panicking pic.twitter.com/P8s40O3K3tWith foreign exchange reserves at only $7.5 billion, the central bank "is changing its approach to monetary policy, while strengthening its rigidity," according to a statement published Thursday.
- Yury Barmin (@yurybarmin) February 5, 2015
Ukrainian Central Bank cancels indicative Hryvna rate. Real Hryvna rate differed from indicative by 30%. Panic mood in markets - GontarevaAfter the policy shift announcement, Ukraine's hryvnia fell to 24.5 against the dollar and 28.092 against the euro.
- *Russian Market (@russian_market) February 5, 2015
Comment: That IMF aid fund won't come without strings attached. Everyone knows the situation in Ukraine is the result of Western meddling. Now they're bleeding cash in aid while Russia sits back and smiles.
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