Ukraine’s hryvnia drops 15 pct in 2 days
Bloomberg
The currency fell 3.8 percent to 9.3000 per dollar yesterday morning in Kiev, adding to a drop of 11.2 percent Wednesday and 44 percent this year.
An exchange rate near 9 per dollar means 60 percent of foreign-currency loans and mortgages may not be repaid, Roman Zhukovskyi, head of the social and economic department in President Viktor Yushchenko’s office, said.
