The Central Bank of Ukraine has intervened 3 times this week... demanding the market listen to it that the Hryvnia is under-valued. However, with UAH reaching record lows over 13.5 this morning, it appears they are going to need more USDs to sell...
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Just keep repeating...
- HRYVNIA FELL ON PANIC; NO GROUNDS FOR RATE OF 13/$: GONTAREVA
- UKRAINE TARGETING `BALANCED' RATE OF 11.5-11.9/$: GONTAREVA
- UKRAINE CENTRAL BANK INTERVENED 3 TIMES IN LAST WK: GONTAREVA.
- CENTRAL BANK'S MAIN TASK IS TO STABILIZE HRYVNIA: GONTAREVA
So if they had no USD before, now they have even less...
