KIEV, March 10 ??“ Ukraine??™s currency, the hryvnia, has been facing a downward pressure against the U.S. dollar as foreign investors have been selling the country??™s Treasury bills, a National Bank of Ukraine official said Friday.

Anatoliy Shapovalov, the first deputy governor at the NBU, said the investors have been selling T-bills for hryvnias and then converting the local currency to dollars to repatriate the gains.