Ukrainian president Leonid Kuchma said yesterday that the introduction of the new Ukrainian currency, the hryvna, would be delayed from next month until some time next year. "All the conditions [for its introduction] were 100 percent there in the summer, but we waited too long," Kuchma said at a joint news conference with Kazakhstan president Nursultan Nazarbayev in Almaty. According to Kuchma, talks with the IMF on creating a $1.5-2 billion stabilization fund for the hryvna had not yet produced concrete results. The IMF makes its decision on allocating new credits to Ukraine later this month.
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