| Ukraine's battered national currency has plummeted some 10 per cent as the central bank scrambles to strengthen currency controls in its latest bid to halt the slide. The average rate for the hryvnia - currently the worst performing currency in the world - tumbled to 30.55 before nudging back up slightly to 29.56 by 1500 GMT (0200 AEDT Tuesday)
The hryvnia lost some 50 per cent of its value in 2014 as east Ukraine collapsed into conflict following the ouster of pro-Russian president Viktor Yanukovych last February. The pain has continued with the currency plunging even faster since the start of the year as fierce fighting flared again in the eastern industrial heartland. ..............................................Full Article: Source
|