Hryvnia sags against the dollar by 11 kopiykas

The exchange rate of the Ukrainian national currency the hryvnia suffered a decline on the interbank market on Wednesday, losing 11 kopiykas against the dollar, according to the official Web site of the National Bank of Ukraine.

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As of 1400 the central bank set the following official exchange rates of the hryvnia against leading foreign currencies:

$100 – UAH 1,577.0241 (as of 1400 on December 23 it was UAH 1,566.1713);

EUR 100 – UAH 1,926.0195 (as of 1400 on December 23 it was UAH 1,919.9694);

10 Russian rubles – UAH 2.8900 (as of 1400 on December 23 it was UAH 2.7723).

The National Bank of Ukraine on Wednesday sold $3 million at an average rate of UAH 15.7499 to the dollar on the interbank currency market in continued efforts to prop up the exchange rate.

The total volume of the bids from interbank market participants amounted to $12.8 million, and the minimum rate was UAH 15.7495 to the dollar.

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