REUTERS
On Monday, October 22, hryvnia quotations against the dollar on the interbank forex market by the close of trade settled at UAH 28.07/28.09 to the dollar.
The rate of Ukraine's national currency, the hryvnia, has strengthened by seven kopiykas, due to positive news regarding the new program with the International Monetary Fund, according to a commercial bank dealer.
On Monday, October 22, hryvnia quotations against the dollar on the interbank forex market by the close of trade settled at UAH 28.07/28.09 to the dollar.
Hryvnia quotes against the euro settled at UAH 32.33/32.35, while those against the Russian ruble settled at UAH 0.42/0.43.
According to the National Bank of Ukraine, the reference value of the hryvnia exchange rate as of 12:00 was UAH 28.0833 to the dollar.
Read alsoS&P predicts hryvnia exchange rate for next 3 years
As UNIAN reported earlier, the International Monetary Fund staff and the Ukrainian authorities have reached agreement on economic policies for a new 14-month Stand-By Arrangement (SBA) worth US$3.9 billion.
The new SBA will replace the arrangement under the Extended Fund Facility (EFF), approved in March 2015 and set to expire in March 2019.
The agreement is yet to be approved by the IMF management and the IMF Executive Board.
Board consideration is expected later in the year following parliamentary approval of a government budget for 2019 consistent with IMF staff recommendations and an increase in household gas and heating tariffs to reflect market developments while continuing to protect low-income households.