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Blog entry from i-iter in english

No more euro in Kiev

In Kiev today one euro is worth 8 hriven, while the dollar is down to 4,9. This is pure theory, obviously, because there are no more euro in town. According to official declarations it will take a couple of days to convert enough (now) useless US$ to euro and restore liquidity. The rate is not expected to get any better for the US$, but nobody excludes that it could get even worse.