Hryvnia devaluating on Monday on interbank

12:31, 24.02.2014 1 min read

Quotations on the interbank currency market on Monday are actively falling from the opening of trading and reached UAH 9.24-9.40/$1 as of 1155, while on the previous working day they stood at UAH 9.10-9.18/$1, dealers of commercial banks said.

Market operators said that the NBU has not entered the market.

As reported, at the end of last week the previous government was overthrown in Ukraine: the Ukrainian president left the capital and is now wanted for mass murder. Protesters and opposition have started forming a new government.

In February, the NBU introduced additional restrictions to support stability of the situation on the currency market. From February 7, companies and individuals can buy foreign currency on the interbank market only on the sixth working day after sending hryvnias to the account.

The previous government forecasted that the hryvnia exchange rate will be UAH 8.50/$1 in 2014.

The historic maximum of the hryvnia exchange rate was seen on December 18, 2008 when quotations exceeded UAH 10/$1.