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Hyrvnia Jumps as Ukraine Vows to Stop ‘Panic’ With Capital Curbs

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Ukraine’s central bank tightened capital controls and announced more curbs may be on the way to stop the hryvnia’s meltdown, fueling a rebound in the world’s worst-performing currency this month.

The hryvnia gained 24 percent, trimming its drop in February to 41 percent, still the biggest monthly decline on record, according to data complied by Bloomberg. National Bank of Ukraine Governor Valeriya Gontareva announced restrictions on dividend payments and stepped up the scrutiny of imports after the currency’s plunge caused residents to withdraw deposits and undermined the country’s financial stability.