The suspension of the hryvnia is landing blows to the nerves and pockets of Crimeans

Kerch – In annexed Kerch, shopkeepers and customers are having difficulties with the suspension of the hryvnia. They cannot give Ukrainian coins as change in shops and supermarkets any longer, and there is still no supply of Russian change on the peninsula.

Continue reading

Bankers recommend limiting currency sales to $1000 per person per day

images

To stop an outbreak of panic, the Ukrainian Credit-Banking Union has asked the National Bank of Ukraine to limit purchases of foreign currency to $1000 a day per person.

This was stated in an announement posted on the Ukrainian Credit Banking Union’s website, reports Espreso.TV

“The purchase of currency over the specified amount, but not over 150,000 UAH, must be realized in a non-cash form only by opening a bank deposit account,” proposes the Union. Continue reading

9.4 Ukrainain Hryvnia to a Dollar! Arbuzov and Yanukovych Continue to Devalue the Hryvnia.

 

Serhiy Arbuzov, interim prime minister

Serhiy Arbuzov, acting prime minister

Serhiy Lyamets, Economichna Pravda, Wednesday, Febrary 5, 2014, 11:10 AM

The Ukrainian people have already accepted that fact that a dollar will cost 9 hryvnia. But no one expected that the hryvnia would continue losing its value.

This morning, February 5, 2014, the hryvnia opened at 9/9.4 UAH per US dollar on the interbank exchange. Tomorrow these rates will be in effect on the cash market. This morning, according to finance.ua, the prices are 8.85/8.92 for a dollar in currency exchange offices. But those rates only apply for a short while because the non-cash market drives the conditions on the cash market. Continue reading