The devaluation of the Ukrainian hryvnia
affected net trading income and the appreciation of rouble, US dollar, and Swiss franc led to an increase in risk-weighted assets, the bank said.
President Petro Poroshenko made his pledge to spend an extra 40 billion hryvnia
(PS1.8 billion) by 2017 during a speech marking Ukraine's independence from the Soviet Union in 1991.
KIEV, Shawwal 28, 1435, August 24, 2014, SPA -- Ukrainian President Petro Poroshenko said on Sunday Ukraine would be under constant military threat for the foreseeable future, announcing 40 billion hryvnia
($3 billion) would be spent on re-equipping the army in 2015-2017, Reuters reported.
dollar exchanges for 15.76 Hryvnia
. A half liter of beer runs 11 Hryvnia
, or 94 cents.
This meant an extra 80m Hryvnia
in revenue in the first month ($15m), with the increase expected to be over 1 billion Hryvnia
($180m) in the first year.
However, there have been reasons for concern over a likely impact on the pharmaceutical companies, largely due to a recent devaluation of the local currency (Hryvnia
) against the USD.
But details on how the financial system will work if Crimea severs ties with mainland Ukraine were sketchy and officials said there were plans to use the Russian ruble alongside the Ukrainian hryvnia
"for a period of time".
Meanwhile, Russian ruble lost its value against US dollar by 5.008%, Canadian dollar - by 1.43%; Ukrainian hryvnia
fell by 5.33%, Kazakh tenge - by 20.587%, Tajik somoni - by 0.56%.
An International Monetary Fund mission visiting Ukraine has urged the government to raise gas prices for domestic consumers and introduce a flexible exchange rate for the national currency, the hryvnia
, a Fund official said on Thursday.
I opened my wallet, but to my dismay, I only had a few bedraggled hryvnia
(the Ukrainian currency) with me.
Governor Serhiy Arbuzov said, 'The hryvnia
rate should correspond to the country's economic situation.