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
- 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.
- BRASIL: Pantless Lover...Barely Escapes Jealous Husband...From 3rd Floor.
- BRASIL / ITALY / GUATEMALA / USA / RUSSIA: 1 Dead, 7 Injured In Rio Fuel Tanks Fires/ Blasts; Ruby Heartstealer Admits Lying About Silvio's Sex Parties, Money; Ex-Prez Alfonso Portillo Extradited To USA For Money Laundering; Moscow Bans VKontakte By 'Mistake.'
- TECHNOLOGY : Today's 8 TWITTER Posts/Newslinks.
- BRASIL / RUSSIA / EL SALVADOR : Week's Best Images From TIME.
- CANADA / MEXICO / USA : 22 May UPDATE: BC Man And American Feared Kidnapped In Puerto Vallarta.
- COSTA RICA /CANADA : 21 May UPDATE: BC Resident Deering Murdered In Escazu Home Invasion; Travel Advisory Issued.
- EL SALVADOR : Supreme Court Ruling Threatens 60,000 Gang War Truce.
- BRASIL : Dilma Wins Port Privatization Approval From Congress.
- RUSSIA / AZERBAIJAN / DENMARK / EUROVISION 2013 / IMAGES: 21 May UPDATE: Moscow Outraged By Azeri Vote Problems; Denmark Won Finals...That Featured Lesbian Kiss; Germans Blame Poor Showing On Merkel.
