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Wednesday, February 25, 2015

The Hryvnia collapse is likely to continue...

by A. Talka

Here are the current rates for buying dollars on the black market, via the internet... (Oh internet, is there nothing you can't do?)

The second column, labeled "course" is the rate sellers are will to sell dollars for...

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And the mandatory warning...

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from here, via Google Translate: http://finance.i.ua/market/kiev/usd/?type=2

Current "official" rate - 32.5:1 ..... But since banks are not selling dollars at this rate, it means one of two things...

1) The official rate is being held artificially low, or...
2) Official government policy is banks can't sell dollars, meaning as the hryvnia sinks, your savings and your standard of living fall at that rate too.

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