Ukraine central bank limits foreign currency withdrawals
Ukraine’s central bank has limited foreign currency withdrawals from banking deposits to 15,000 hryvnia (£820) per day, in an attempt to stabilise the fast-weakening currency.
Ukraine has said it needs $35bn over the next two years to keep bankruptcy at bay.
This morning's announcement by new central bank governor Stepan Kubiv comes after the country’s currency reserves dropped to $15bn from $17.8bn at the beginning of the month.
Last week, the bank imposed currency controls, capping foreign currency purchases by individuals and imposing a ban on buying foreign currency for overseas investment or early debt repayment.
But the hryvnia has carried on falling, with one dollar currently worth 10.40 hryvnia.
An International Monetary Fund mission is due in Kiev next week for discussions with its new leaders.