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                        THURSDAY, NOVEMBER 28, 2024
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Hryvnia-dollar peg may be abandoned in favor of currency basket
Journal Staff Report

MOSCOW, June 26 - Ukraine's policy of pegging its national currency (the hyrvnia) to the U.S. dollar is inefficient in current conditions and should be substituted for a peg to a multi-currency basket, said Petro Poroshenko, Ukrainian Economic Development and Trade Minister and member and former head of the National Bank of Ukraine's board.

"The hyrvnia needs to be pegged to a multi-currency basket," he said on the Svoboda Slova program on the TV channel ICTV.

Besides the dollar, such a basket could contain the euro, the Russian ruble, the Polish zloty and the British pound, he said.




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Currencies (in hryvnias)
  28.11.2024 prev
USD 41.60 41.50
RUR 0.370 0.394
EUR 42.80 42.68

Stock Market
  27.11.2024 prev
PFTS 507.0 507.0
source: PFTS

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