Ukraine leader seeks yr-end target 8.0 hryvnias/$

15:43, 22 December 2008
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His top economic aide said on Monday

President Viktor Yushchenko wants the central bank to declare a year-end policy target of the hryvnia currency strengthening to no weaker than 8.0 to the dollar, his top economic aide said on Monday, Reuters reported.

"The president stresses that that there are no grounds for the current rate," Oleksander Shlapak told a briefing. "The president therefore urges the central bank to issue a statement that its main policy by year-end will be a strengthening of the hryvnia from what it is today to no weaker than 8.0."

The hryvnia, which has been tumbling since September, was trading at 8.1/8.3 to the dollar on Monday after the central bank said it would intervene, selling dollars at 8.34.

Reuters via Interactive Investor

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