Ukrainian hryvnia continues to weaken

2009/9/2 16:17:58
UPDATE: Sept 3 - 1630 hrs The weakening of the hryvnia continues with changes occurring with greater frequency. For example, in one of Kyiv’s busiest street exchanges on Tchervonoarmieska, late Wednes
ay the rate had reached 860UAH = 100USD. On Thursday morning, the rate had further weakened to 870 and by the time of this update had been adjusted to 875UAH = 100USD. The spread between the UAH buying rate and the USD buying rate has also widened. Late yesterday the average spread between buying and selling UAH/USD averaged 5 UAH. Today the spread is 15 UAH with most exchanges showing a posted rate for purchase of 100USD at 890 UAH. It is unclear whether there is any USD available for purchase at any rate. UPDATE Sept 2 - 1630 hrs The hryvnia rate seems to be getting even more erratic. Some of the exchanges that opened earlier today at 852UAH = 100USD have now posted a rate of 855. In other parts of the city, many exchanges have now fallen to 860UAH = 100USD. KYIV, Sept. 2, 2009 (UBO) – In spite of frequent statements from the National Bank of Ukraine regarding its efforts to stabilize the Ukrainian hryvnia (UAH), the value of the national currency continues to show obvious signs of weakness. While the NBU held its official rate at 798 UAH per 100 U.S. dollars, the exchange rate at commercial banks and street exchanges continues to deteriorate. On Monday, most exchanges were offering 842 UAH per 100 USD. Tuesday saw changes during the day with many exchanges opening the day at 845 UAH = 100 USD, with that later moving to 848. On Wednesday morning, some exchanges opened at 852 UAH = 100 USD while the majority seem to have formed a consensus around 850 UAH = 100 USD. The 850 UAH/100 USD mark is considered somewhat significant since as recently as early August the research departments of some Kyiv-based financial firms were predicting that this level would only be reached by the end of the 2009. On September 15, 2006, the NBU put into circulation for the first time the 500 UAH banknotes that had been designed earlier in the year. At that time, the 500 UAH note was approximately equal to 100 USD. At today’s street rate, a 500 UAH note is worth about 58.69 USD, illustrating the significance of the currency’s devaluation. Some economists predict that until Ukraine is able to improve its current account balance, this trend will almost inevitably continue.
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Guest Posted: 2015/11/12 3:37
 Re: Ukrainian hryvnia continues to weaken
he last day of the story is dated just subsequent to that point in the development of the seasons when country people go to bed among nearly naked trees, are lulled to sleep by a fall of rain, and awake next morning among green ones; when the landscape appears embarrassed with the sudden weight and brilliancy of its leaves; when the night-jar comes and strikes up for the summer his tune of one note; when the apple-trees have bloomed, and the roads and orchard-grass become spotted with fallen petals; when the faces of the delicate flowers are darkened, and their heads weighed down, by the throng of honey-bees, which increase their humming till humming is too mild a term for the all-pervading sound; and when cuckoos, blackbirds, and sparrows, that have hitherto been merry and respectful neighbours, become noisy and persistent intimates.

The exterior of Geoffrey Day’s house in Yalbury Wood appeared exactly as was usual at that season, but a frantic barking of the dogs at the back told of unwonted movements somewhere within. Inside the door the eyes beheld a gathering, which was a rarity indeed for the dwelling of the solitary wood-steward and keeper.

About the room were sitting and standing, in various gnarled attitudes, our old acquaintance, grandfathers James and William, the tranter, Mr. Penny, two or three children, including Jimmy and Charley, besides three or four country ladies and gentlemen from a greater distance who do not require any distinction by name. Geoffrey was seen and heard stamping about the outhouse and among the bushes of the garden, attending to details of daily routine before the proper time arrived for their performance, in order that they might be off his hands for the day. He appeared with his shirt-sleeves rolled up; his best new nether garments, in which he had arrayed himself that morning, being temporarily disguised under a weekday apron whilst these proceedings were in operation. He occasionally glanced at the hives in passing, to see if his wife’s bees were swarming, ultimately rolling down his shirt-sleeves and going indoors, talking to tranter Dewy whilst buttoning the wristbands, to save time; next going upstairs for his best waistcoat, and coming down again to make another remark whilst buttoning that, during the time looking fixedly in the tranter’s face as if he were a looking-glass.
oakleysunglasses Posted: 2016/8/8 6:16
 Re: Ukrainian hryvnia continues to weaken