NBU weakens official forex rate to UAH 26.99 to dollar for Feb 28

Analysts warn the hryvnia, Ukraine's national currency, may considerably weaken if populists come to power in Ukraine as a result of presidential and parliamentary elections in 2019.

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The National Bank of Ukraine on Wednesday evening weakened the official hryvnia exchange rate by one kopiyka, bringing the national currency to UAH 26.99 to the dollar.

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The Central Bank set the following official exchange rates of the hryvnia against leading foreign currencies for February 28:

US$100 costs UAH 2699.2764 (UAH 2,698.2628 as of February 27);

EUR 100 costs UAH 3073.3961 (UAH 3,065.4964 as of February 27).

As UNIAN reported earlier, analyst at the Alpari investment company Maksym Parkhomenko warns that the hryvnia, Ukraine's national currency, may considerably weaken if populists come to power in Ukraine as a result of presidential and parliamentary elections in 2019.

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