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Ukraine Tightens Capital Controls as Hryvnia Drop Fuels Risk

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Ukraine’s central bank tightened limits on capital movement to counter a hryvnia selloff that’s straining the country’s finances before debt restructuring talks.

The National Bank of Ukraine will curb importers’ purchases of foreign currencies and has banned banks from lending to clients seeking to sell the hryvnia in the market, Governor Valeriya Gontareva told reporters in Kiev on Monday. More tools are available if needed to limit outflows, she said.