Ukraine c.bank moves to shore up banking stability

13:54, 13 October 2008
Ukraine
1208 0

Banks ordered to stick to the agreed time frame for redeeming loans and credits

Ukraine`s central bank ordered banks to stick to the agreed time frame for redeeming loans and credits and withdrawal of deposits, according to central bank documents received by Reuters on Monday.

It also capped banks` assets at levels recorded on Oct. 13 and limited the difference between the buying and selling rate of foreign currencies to 5 percent at exchange bureaux, in moves apparently aimed at stabilising the banking system.

Reuters via Forbes
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