Shadow currency trade points to new Ukraine financial crisis - FT.com

Shadow currency trade points to new Ukraine financial crisis - FT.com:



"A stone’s throw from this weekend’s candlelight vigils in Kiev marking a year since the start of the demonstrations that toppled Viktor Yanukovich as president, a different kind of Ukrainian was out on the street: the black market currency traders.



“Selling dollars? I’ll give you more, I’ll give you 18,” said one man outside a foreign exchange booth offering 15.50 Ukrainian hryvnia to the US currency.



The re-emergence of shadow traders last seen after the Soviet Union collapsed is a sign that – a year after the Kiev protests in which 100 people died in the hope of securing a prosperous, European future – the war-torn country is sliding once again into a financial crisis."



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