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. Last Updated: 07/27/2016

Hryvna Slips to 4.61




KIEV -- The official rate of Ukraine's hryvna currency on Thursday slipped through the floor of its 1999 trading band of 3.40-4.60 per dollar amid fears of a Communist victory in Sunday's presidential election, dealers said.


The central bank fixed the hryvna at 4.61 per dollar, down from Wednesday's 4.59. The official hryvna rate, which previously broke out of its corridor in the summer, is calculated in line with the average market rate of two days ago.


President Leonid Kuchma, a moderate reformer, faces Communist Party leader Petro Symonenko in Sunday's run-off election. Kuchma won 36.48 percent of the first round vote on Oct. 31 against Symonenko's 22.23 percent.