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Crisis-hit Ukraine slaps limit on bank withdrawals

Published on Feb 28, 2014 5:47 PM
 

KIEV (AFP) - Crisis-hit Ukraine's central bank on Friday announced it was imposing a limit on daily bank withdrawals as the national currency plunges to record lows.

The bank said it was slapping a limit of 15,000 hryvna on withdrawals (S$1,900). The hryvna has plunged nearly 20 per cent to record lows since the start of the year as tensions soared between the new pro-West government in Kiev and old master Moscow following the ousting of the country's pro-Russia president.