Valeria Gontareva, the head of Ukraine's Central Bank, said there was “panic” on the market in connection with ongoing fighting with pro-Russian militants in Ukraine’s east. Photo: Reuters
CNBC: Ukraine's economic 'meltdown' just got worse
Ukraine's currency plunged to new record lows on Monday morning, as a failed peace plan and continued violence piled more pressure on a country that has seen a year of political and economic turmoil.
The country's central bank said the official rate for the hryvnia had dropped 7 percent on Monday, to close to 30 against the U.S. dollar, according to Reuters.
WNU Editor: Regular readers know how I feel about this .... let us just say that almost everyone I know in Ukraine is suffering right now.
More News On The Ukraine Economy
Suffering Ukrainian currency takes another fall -- SFGate/AP
Ukrainian currency slumps as fraying peace deal raises economic fears -- Washington Post
Ukraine strengthens currency controls as hryvnia plunges 10 pct -- Reuters
Ukraine Tightens Capital Controls as Hryvnia Drop Fuels Risk -- Bloomberg
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