Ukraine's currency hits new record low

15:07, 27 November 2008
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Of 7.25-7.5/dlr

Ukraine`s hryvnia currency slumped to a new record low on Thursday of 7.25-7.5 to the dollar from a previous low reached in October of 7.05-7.25, Reuters data showed.

The central bank has been intervening most days and has held two auctions to feed the market dollars and manage the hryvnia`s slide. One senior central bank official said on Thursday the hryvnia was close to a balanced level.

Thompson Reuters

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