10 февраля 2015

WSJ: UKRAINE’S CURRENCY CONTINUES SLIDE AFTER CENTRAL BANK SCRAPS PEG

Alexander Valchyshen, head of research at ICU investment firm, said: “The currency market is getting back to normal. The real rate was radically different from what the National Bank had declared […] and authorities removed this mechanism which distorted the market.”

 

While the much-needed IMF loan may tame the rate for a month or two, Mr. Valchyshen said that he was pessimistic about the long-term rate stabilization.

 

The Wall Street Journal 

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