You're reading: Bloomberg: Ukrainian protest prompts Central Bank to warn of instability

Hundreds of Ukrainians demonstrated outside parliament and the central bank over losses suffered from bankrupt lenders and foreign-exchange rates, pushing the hryvnia weaker and prompting the central bank to warn against destabilizing the economy.

Deputy central bank Governor Oleg Churiy said the central bank will intervene in the market if it needs to prop up the hryvnia, which had lost 1.8 percent against the dollar by 3:44 p.m. in Kyiv on Nov. 15. Some lawmakers, including ex-Prime Minister Yuliya Tymoshenko, have called for the dismissal of central bank Governor Valeriya Gontareva, saying she’s responsible for the hryvnia’s devaluation and losses suffered by Ukrainian depositors.

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