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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.
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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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