Ukraine’s Stock Market Regulator Stops Securities Circulation

Ukraine’s Stock Market Regulator Stops Securities Circulation
A Ukrainian 500 hryvnia banknotes and a U.S. 100 dollar banknote are seen in this picture illustration taken in Kyiv, Ukraine, on Oct. 31, 2016. (Valentyn Ogirenko/Illustration/Reuters)
Reuters
2/24/2022
Updated:
2/24/2022

KYIV—Ukraine’s state stock market regulator on Thursday said it had decided to stop the circulation of all securities in the country, except for operations necessary for the central bank’s monetary policy and the finance ministry’s public debt servicing.

The central bank has banned foreign currency purchases on the interbank market and fixed the official hryvnia exchange rate on Feb. 24, Governor Kyrylo Shevchenko said on Thursday, as Ukrainian assets suffered after Russian forces invaded Ukraine.