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Hryvnia strengthened
19.11.2012 15:07 "Agro Perspectiva" (Kyiv) —
Positions of the Ukrainian national currency have strengthened. After a sharp rise of USD rate early last week equally sharp drop of its rate occurred. Hryvnia has just within two days strengthened by 1 percent, NRCU says.
Excitement in September and October, when the Ukrainian population was buying up record amounts of currency, and the rise of the dollar on the interbank market forced the National Bank to intervene. To meet the demand, the regulator last week came on interbank trading with the foreign currency supply. In addition, the National Bank has worked through the «Savings Bank». After a week all interested could buy dollars in the «Savings Bank» at the rate of 8 hryvnia 25 kopecks. Despite the fact that the National Bank recognized the need for the introduction of a floating exchange rate, in the coming days the NBU has no plans to let the currency float, experts say.
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