Ukraine unrest slams currency, Russia's $15bn aid crucial to avert further collapse — RT Business: #EuroMaidan
"Violence on Kiev’s streets has sent the hryvnia to an almost 4-year low, with bond yields jumping 3 percentage points. Ukraine’s future economy depends on whether Russia delivers the promised $15 billion aid on time and in full, Chris Weafer told RT.
Since early December, the hryvnia has lost 3 percent, falling to 8.44 against the dollar. In the last 12 months the Ukrainian currency depreciated by 4 percent, with almost half of the decrease taking place in the past week, says the Financial Times.
Any further devaluation is hardly likely, as the Ukrainian government is determined to keep the hryvnia pegged to the US Dollar, Chris Weafer, senior partner at Moscow-based consulting firm, Macro Advisory, told RT in an emailed note."
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"Violence on Kiev’s streets has sent the hryvnia to an almost 4-year low, with bond yields jumping 3 percentage points. Ukraine’s future economy depends on whether Russia delivers the promised $15 billion aid on time and in full, Chris Weafer told RT.
Since early December, the hryvnia has lost 3 percent, falling to 8.44 against the dollar. In the last 12 months the Ukrainian currency depreciated by 4 percent, with almost half of the decrease taking place in the past week, says the Financial Times.
Any further devaluation is hardly likely, as the Ukrainian government is determined to keep the hryvnia pegged to the US Dollar, Chris Weafer, senior partner at Moscow-based consulting firm, Macro Advisory, told RT in an emailed note."
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