Ukraine's Central Bank Introduces Stability Measures

30 November 2004 -- Ukraine's central bank announced today that it is forbidding commercial banks to make early deposit withdrawals and it set limits on cash and noncash foreign-currency transactions to preserve stability during the country's current political crisis.

The National Bank of Ukraine -- whose governor Serhiy Tyhypko yesterday announced his plan to resign and devote more of his energy to politics -- also set limits on withdrawals from cash machines.

The national bank released a statement saying the measures will be in place until 31 December.

Tyhypko served as Prime Minister Viktor Yanukovych's campaign manager ahead of the disputed presidential election.

(Interfax/AP/Reuters)

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