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