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. Last Updated: 07/27/2016

Karbovanets Holds Firm

Ukraine's Central Bank chief on Thursday said the country's currency had remained stronger than that of Russia in the ruble's crisis, and said ongoing stability for the karbovanets was dependent on the government's soon-to-be-approved budget, Interfax reported.

"The Ukrainian karbovanets and the Russian ruble are declining currencies, but today the pace of the karbovanet's decline is much slower," said Viktor Yuschenko, chairman of the National Bank of Ukraine.