27.02.2015 - Ukraine Dials Back on Latest Attempt to Halt Currency Free Fall
Ukraine’s central bank abruptly reversed a broad ban on foreign-currency purchases Thursday, a day after imposing the measures in an attempt to halt the hryvnia’s free fall. Prime Minister Arseniy Yatsenyuk had criticized the earlier decision as bad for Ukraine’s economy, which is staggering after nearly a year of fighting with Russia-backed separatists in the east of the country. Although a cease-fire signed Feb. 12 appeared to be taking hold this week, government coffers in Kiev have been drained, inflation has soared and a fight with Moscow over natural-gas payments has been exacerbated...............................................Full Article: Source
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