Russian-installed Kherson official says withdrawing hryvnia from circulation in January

Russian-installed Kherson official says withdrawing hryvnia from circulation in January
Russian-installed Kherson official says withdrawing hryvnia from circulation in January
© Reuters.

(Reuters) – The Russian-installed administration of Ukraine’s Kherson region said on Saturday that it had begun changing locally circulated Ukrainian hryvnia currency into Russian roubles, with hryvnia circulation in Moscow-controlled areas of the region to end on Jan. 1.

In a video published on Telegram by the region’s Moscow-appointed administration, Andrei Peretonkin, head of the Russian central bank’s local branch, said: “For the sake of the convenience of residents and to allow for a smoother integration of the region into the Russian economic space, this week banks in Kherson region began currency exchange operations.”

Previously, the Russian-installed administration had said that both the rouble and hryvnia would be accepted in Kherson region.

Russian forces took control of most of Kherson region in the early days of Moscow’s military campaign in Ukraine, and declared it annexed to Russia in September after a referendum condemned by Ukraine and Western countries.

Less than two months later, Russian forces withdrew from Kherson city under pressure from a Ukrainian counteroffensive, while continuing to hold most of the region’s territory.

Leave a Reply

Your email address will not be published. Required fields are marked *

New Brokers
2.8 rating
Buy & sell Crypto in minutes
3.0 rating
Note: Investing involves risks. You can lose your deposit. We advise you to only invest in financial products which match your knowledge and experience.
2.0 rating
Interactive Brokers attracts active traders with low per-share pricing, an advanced trading platform.
4.3 rating
eToro is the world’s leading social trading platform, with thousands of options for traders and investors.
AdonFinance
Risk Warning: The material on this website is provided for informational purposes only and does not constitute an offer to sell, a solicitation to buy, or a recommendation or endorsement for any security or strategy, nor does it constitute an offer to provide investment advisory or other services by AdonFinance. In addition, the content of the website offers no opinion with respect to the suitability of any security or any specific investment. Trading foreign exchange, stocks, cryptocurrencies and commodities is potentially high risk and may not be suitable for all investors. The high level of leverage can work both for and against traders. Before any investment with any broker you need to carefully consider your targets, previous experience, and risk level. Forex trading can result in the loss of your money, as a result, you are expressly cautioned that you should never invest or trade with money that you cannot afford to lose. For the avoidance of doubt, AdonFinance's service provides Brokers reviews in the Financial market. AdonFinance, its subsidiaries, agents or affiliates will assume no responsibility whatsoever for your trading activity. © Copyright 2021 AdonFinance