http://www.bloomberg.com/news/2012-11-01/ukraine-devaluation-angst-mounts-after-yanukovych-claims-victory.html
Even after the party of President Yanukovych scored recent parliamentary victories... few citizens trust Ukraine's currency...the hryvnia.
Many are seeking dollars and euros...to protect their savings ahead of an expected devaluation.
A young lawyer says 'the exchange rate has been manipulated and no one knows how much it is worth.'
Since 2008...the hryvnia has lost 50% of its value!
And since 2011...the central bank has spent $9 billion to defend its currency.
Popular Posts
- Brasilian Senator Admits We Are "A Bunch Of Crooks."
- RUSSIA / CZECH REP / SWEDEN / MEXICO / BRASIL: Gauging Navalny's Real Support; American Sought For 4 Murders In Brno; Rioting Near Stockholm Spreads On 4th Night; Vigilantes Continue Narco Fight In Tierra Caliente; October Auction Scheduled For Giant Libra Subsalt Field.
- ARGENTINA: 2 Prisoners Escape As Dummy Stands Guard.
- BOLIVIA: Morales Opponent Governor Removed By Legislature.
- MEXICO : Narcos Hoist Banners In Guanajuato... Demanding Peace For Pope's Visit.
- MEXICO: Legislature Votes To Strip Immunity From Politician Accused Of Narco Ties.
- COLOMBIA : 13 July UPDATE: War Between The Presidents: Prez Santos Risks Rebel Stronghold Visit; Popularity Declines As FARC Rebuilds; Former Ally Seeks Santos Job.
- BRASIL: Business Still Stuck In Red Tape With The Old Bureaucracy.
- Mexican Court Frees 22 Convicted Of Chiapas Killings.
- BELARUS / POLAND: Warsaw Hosts TV/ Radio Belarus Dissidents.
