02 November 2012

UKRAINE: Experts...And Citizens...See Devaluation Ahead.


      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.