KIEV, Nov. 22 – National Bank of Ukraine is studying the possibility of pegging the hryvnia forex rate to a bi-currency basket, according to Oleksandr Dubykhvist, the director of the NBU's department of foreign exchange reserve regulation and transactions in the open market.

"As for a bi-currency basket – we're considering this issue. We communicated with our Russian colleagues, we evaluate their experience very positively... Our economy is more linked to the ruble and the euro, rather than the U.S. dollar, and there is logic to get pegged to the basket [of these two currencies]," he said during a roundtable meeting in Kiev on Wednesday.