: :inin Kyiv (EET)

Ukraine’s currency hits new low as central bank tightens controls


KIEV (AFP) – Ukraines battered national currency plummeted some 10 percent Monday as the central bank scrambled 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 31.51 to the dollar before improving slightly.The hryvnia lost some 50 percent 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 …read more

Source: Dunya TV

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