Poroshenko sees no reason to expect hryvnia devaluation

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Aug. 29, 2012, 3:03 p.m. | Business — by Interfax-Ukraine

Ukraine's Economic Development and Trade Minister Petro Poroshenko thought there's no threats to hryvnia.

Ukraine's Economic Development and Trade Minister Petro Poroshenko has said he sees no reason to expect a possible devaluation of the hryvnia.

"My position, on principle, is that the rate should correspond to the market, and there are no reasons to expect a sharp devaluation of the national currency today," he said at a briefing on Wednesday.

As reported, earlier Ukrainian Premier Mykola Azarov said that there is no reason for there to be a devaluation of the hryvnia. He added that Ukraine had placed bonds on the external market and raised $2 billion.

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