Ukraine's central bank temporarily suspended the country’s currency market, limited the withdrawal of cash and prohibited the issuance of foreign currencies to the general public. Follow the latest updates
ETHAN SWOPE/Bloomberg News
Ukraine’s central bank temporarily suspended the country’s currency market, limited the withdrawal of cash and prohibited the issuance of foreign currencies to the general public after the nation declared martial law.Thursday after Russian troops entered the country. Cash withdrawals were limited to 100,000 Ukrainian hryvnia a day, equivalent to about $3,339.13. The central bank also said it would fix the official exchange rate for Thursday.Thursday due to emergency events.
Ukrainian assets traded globally sold off. The yield on a Ukrainian dollar bond maturing in September 2027 climbed to 32.060% Thursday, up from 16.302% Wednesday, according to Tradeweb. Yields rise when prices fall. Currencies of eastern European countries fell against the dollar, with the Polish zloty down 1.1% and the Czech koruna declining 1.8%. Turkey, which has strong trading and tourism ties to both Russia and Ukraine, saw its currency decline 2.4% against the dollar.
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