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Ukraine's Central Bank reverses currency trading ban

106 views · Published 26 February 2015 · 0:48 · Indexed 6 November 2026

Channel: Hi China · 2015 · Entertainment

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Ukraine's central bank unexpectedly banned most currency trading on Wednesday, only to reverse the decision overnight, causing havoc in the market for its plunging currency, the hryvnia.

The ban was imposed in the morning and was set to stay in place until the end of the week, but drew a rebuke from Prime Minister Arseny Yatseniuk. Speaking at a televised cabinet meeting, Yatseniuk said the ban was bad for the economy. He also criticized the bank for imposing it without consulting the government.

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