As the result of an increase in the exchange rate of Ukrainian
Hryvna from 8 UAH per USD in 2013 to the average of 27 UAH per USD in 2015-2017 the probability that credit funds will not be returned increased; the ability of households to save the money decreased as a result of a reduction in the purchasing power of currency; all mentioned had led to the total distrust to the financial institutions from both sides businesses and individuals.
One dollar cost more than 26
hryvna, one euro 29.6
hryvna, meaning that the currency lost some 60 per cent of its worth, according to the Ukrainian Central Bank's website.
The devaluation of
hryvna, the outflow of deposit resources and lack of liquidity in this period significantly affected the investment capability of the banking system in Ukraine.
We highlight the fact that Luxoft's top line is denominated in hard currencies (USD, EUR) while its payrolls are denominated in the currencies of various emerging markets (the rouble,
hryvna, etc.).
Opposition leader Ms Tymoshenko was also banned from holding government posts for three years after the end of her sentence and fined 1.5 billion
hryvna (pounds 121 million) in damages to the state.
The National Bank of Ukraine let
hryvna float in the end of 2008, what had a stabilizing effect on current account deficit but substantially decreased real wages (Table 3).
GDP in billion Ukrainian
hryvna is calculated by the income approach.
Ese mismo ano fue aprobada la
hryvna, la nueva moneda ucraniana.
84 Ukrainian TV screened a live auction to sell off the country's biggest metals producer for 24.2bn
hryvna (pounds 2.7bn) - to a firm controlled by which Briton?
Folk are loathe to spend from six to 12
hryvna (80p to pounds 3) to buy trees, preferring to dig them up in city parks and squares.
Though the explanation was its debts of 160,000
hryvna ($40,000) to transmission authorities, those at the channel counter that other broadcasters owe more than 20 times that figure, and no action was being taken against them.
Unpaid wages currently amount to 1.97 billion
hryvna (around US$1 billion).
President Kuchma has declared that the long awaited new currency -
hryvna - will be introduced in 1996 with the use of the IMF Stabilisation Fund which will replace the temporary karbovanets coupon introduced in January 1992.
Hryvna Depreciation Benefits: Fitch believes that Metinvest's financial profile should remain largely stable over 2018-2020, benefitting from a recovery in steel market conditions since 2Q16, and assuming no further operational disruptions.
