KYIV, Sept 28 – The National Bank of Ukraine rejected speculations that postponement of financing from the International Monetary Fund puts downward pressure on the hryvnia.

Deputy NBU Governor Oleh Churiy said more people have been buying hard currency in September, causing somewhat the hryvnia to lose value against the dollar.

However, he said Ukraine’s exports are showing upward trend and that is bringing in more hard currency that will stabilize the market within months.