Ukraine Central Bank Has Right to Control Scope of Hryvnia Sales
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Ukrainian central bank will have the right to determine the amount and terms of obligatory sales of currency earnings after parliament approved a law to support the hryvnia.
The bill, prepared by the National Bank of Ukraine, was supported by 237 lawmakers in the 450-seat legislature. Under the new regulation, the central bank will determine how much foreign currency earnings companies will have to exchange into hryvnia on the interbank market and when.