With the hrynia flirting at 28 to the dollar, Ukraine’s currency is coming under pressure,
Monday, August 20, 2018

With the hrynia flirting at 28 to the dollar, Ukraine’s currency is coming under pressure,

With the hrynia flirting at 28 to the dollar, Ukraine’s currency is coming under pressure, Bloomberg reports in a story headlined: “After Turkey and Argentina, Ukraine’s Currency Could Be Next.” Evghenia Sleptsova, a Ukrainian working as a senior economist at Oxford Economics in Britain, reviews the ratio of foreign reserves to short-term debt and calls the situation “very serious.” “The IMF provides Ukraine with life support,” Sleptsova tells Bloomberg of the need to get the $17.5 billion bailout program back on track – fast. “Without IMF cooperation, there could be another currency crisis.”

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