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                        THURSDAY, MARCH 28, 2024
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Massive protests against Yanukovych hammer Ukraine's financial markets
Journal Staff Report

KIEV, Dec. 2 - Massive protests against Viktor Yanukovych hammered Ukraine's financial markets on Monday, increasing the risk of a currency crisis as the president tries to hold on until an election in early 2015.

Ukraine's debt insurance costs jumped and currency traders increased bets on a devaluation after 350,000 people protested on Sunday against Yanukovych's decision to ditch a trade pact with the European Union, Reuters reported.

Central bank Governor Ihor Sorkin backed up foreign exchange intervention by vowing to do everything needed to uphold financial stability. In an online video message, he urged savers "to be confident in the banking system" and not to withdraw their deposits.




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Currencies (in hryvnias)
  22.03.2024 prev
USD 38.92 39.14
RUR 0.424 0.422
EUR 42.47 42.44

Stock Market
  21.03.2024 prev
PFTS 507.0 507.0
source: PFTS

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