2016-12-19T15:41:00+02:00 Economy 2023-05-15T10:22:00+03:00

Ukrainian news

Ukrainian news

Bankers Observe Stable FX, Cash Market Situation Against Background Of PrivatBank Nationalisation

Bankers Observe Stable FX, Cash Market Situation Against Background Of PrivatBank Nationalisation

Bankers observe a stable situation on the interbank foreign exchange market and the cash market against the background of the news of nationalisation of PrivatBank.

Ukrainian News Agency learned this from market insiders.

The opening of the interbank market trading was a little nervous, certain participants overstated quotations a bit, but the situation had stabilised by lunch.

The non-cash rate has grown slightly from the morning, to 26.40-26.60 UAH/USD but by 11:00 the quotations stabilised at the previous week's level 26.35-26.40 UAH/USD.

The situation on the interbank market must remain stable for a week because there are no economic premises for devaluation of the hryvnia.

The situation on the cash market is remaining stable too.

The black market's reaction to the PrivatBank news was week: the dollar grew 10 kopecks.

Ukraine's sovereign Notes gained one 1p.p. on Monday at that.

As Ukrainian News Agency earlier reported, the Cabinet of Ministers on December 18 decided to nationalise PrivatBank.

The bank was taken into provisional administration on December 19 for three days.

After that the bank will be nationalised through conversion of the domestic-loan government bonds issued by the Ministry of Finance into the financial institution's capital.