Experts also cite a fall in exports, especially steel, due to decreased international demand and the strength of Ukraine's currency, the hryvnya
. The Ukrainian central bank has informally pegged the hryvnya
to the U.S.
Secondly, as mentioned earlier with corruption rife, it was not surprising that rumors abounded about the source of Svoboda's and Pravyy Sektor 's financial resources; after all, Tyahnybok and Yarosh each lost 2.5 million hryvnya
($200,000) deposits after failing to enter the second round of the May 2014 pre-term elections.
According to plans, the total cost of the building is expected to be 3,7 billion Hryvnya
or 250 million EUR.
Ukraine's currency, the hryvnya
, was also hit hard by the
Ukrainian sales came out strong, increasing 9% QoQ to $311 mln on stronger MOU (up 5% QoQ to 427 min/month) and 1% Hryvnya
appreciation for the period.
With a deficit of more than 6 percent of GDP, Ukraine's currency - the hryvnya
- has lost more than half of its value against the dollar since last July.
As one of the project's team members opened the passport, a 20 hryvnya
note (local currency in Ukraine equivalent to $5 Cdn) fell to the table.
One project, worth 600,000 Hryvnya
(some Euro 105,000), includes drafting a blueprint for shutting down nuclear plants and setting up a de-commissioning fund.
. Ukraine is essentially a cash-only economy.
The karbonavets stabilized in the fall of 1995 at around 180,000 to the dollar, and stability continued after the introduction of the hryvnya
in September 1996, exchanged at 100,000 to the karbonavets--the first noninflationary and nonconfiscatory currency exchange that Ukrainians had experienced this century.