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
- ITALY / BELGIUM / EUROZONE : Ouch! Roma Forced To Pay 7.814% On 2 Yr; S/P Downgrades Belgium.
- MUSIC FOR MONDAY: Os Ritmistas Serenade Brasil Of The 60's.
- BRASIL: Piranhas Attacking Tourists In Mato Grosso River Beach.
- RUSSIA : 14 March UPDATE: Court Refuses To Release 2 Punk Rockers; Orthodox Church Calls Singers...'Sinners.'
- URUGUAY: 20 March UPDATE: 2 Male Nurses Held Without Bail For Killing At Least 16 Patients
- EUROZONE / GERMANY / GREECE : Athens' Go Slow Mode...Exasperates Merkel.
- MEXICO : 09 May UPDATE: Gas Tanker Explodes On Ecatepec Highway, Killing 24, Injuring 36.
- CUBA / BRASIL : Castro Allows Odebrecht...To Upgrade/Run Cienfuegos Sugar Mill For 13 Years.
- RUSSIA : Medvedev Loses...With Deputy PM Surkov Resignation; Putin Looks For Recession Scapegoats.
- RUSSIA: Anti-Corruption Blogger Alexei Navalny Emerges As Putin Party Challenger; Another Protest In 'Putin Snow Revolt.'