Ukraine cbank to set FX rate based on interbank mkt

10:45, 24 November 2008
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A decision published on parliament`s Web site on Monday

Ukraine`s central bank decided to set the official hryvnia rate based on dollar trades made on the interbank market the day before, it said in a decision published on parliament`s Web site on Monday, according to Reuters.

Ukraine promised the International Monetary Fund, which has given it a $16.4 billion standby loan, to allow greater currency flexibility and reduce the difference between the currency`s market and official rates.

Reuters

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