Ukraine will keep floating exchange rate despite Russia tensions, central bank governor says

Tribune Web Desk

Updated At : 09:27 PM Jan 28, 2022 IST

Unlock Exclusive Insights with The Tribune Premium

Take your experience further with Premium access. Thought-provoking Opinions, Expert Analysis, In-depth Insights and other Member Only Benefits

Yearly Premium ₹999 ₹349/Year

Yearly Premium $49 $24.99/Year

Kyiv, January 28

The Ukrainian central bank does not plan to impose any restrictions and has enough foreign exchange reserves to maintain a floating exchange rate policy, central bank Governor Kyrylo Shevchenko said on Friday in an online forum.

The central bank has sold nearly $1.5 billion in January to balance the foreign exchange market, he added. Russia has massed tens of thousands of troops near Ukraine’s borders in recent weeks, weighing down Ukrainian bonds and the hryvnia currency. Reuters

The Tribune, now published from Chandigarh, started publication on February 2, 1881, in Lahore (now in Pakistan). It was started by Sardar Dyal Singh Majithia, a public-spirited philanthropist, and is run by a trust comprising five eminent persons as trustees.

The Tribune, the largest selling English daily in North India, publishes news and views without any bias or prejudice of any kind. Restraint and moderation, rather than agitational language and partisanship, are the hallmarks of the newspaper. It is an independent newspaper in the real sense of the term.

The Tribune has two sister publications, Punjabi Tribune (in Punjabi) and Dainik Tribune (in Hindi).

Remembering Sardar Dyal Singh Majithia

Designed and developed by : SORTD

Unlock Exclusive Insights with The Tribune Premium

Suggested Articles