Ukraine’s currency just collapsed 50 percent in two days

Ukraine, to use a technical term, is broke. That's what you call a country whose currency has lost half its value in just two days.
The problem is simple: Ukraine has no money and barely any economy. It's already talking to the IMF about a $15 billion bailout and what's euphemistically being called a debt "restructuring"—i.e., default—as its reserves have dwindled down to $6.42 billion, only enough to cover five weeks of imports. (Three months worth is considered the absolute least you can get by with).

Ukraine’s currency just collapsed 50 percent in two days Ukraine-Currency-New

Ukraine’s currency just collapsed 50 percent in two days Ukraine-Currency-New

http://www.washingtonpost.com/blogs/wonkblog/wp/2015/02/06/ukraines-currency-has-fallen-50-percent-in-two-days/#flyout-appearance
_________________
Anarcho-Capitalist, AnCaps Forum, Ancapolis, OZschwitz Contraband
“The state calls its own violence law, but that of the individual, crime.”-- Max Stirner
"Remember: Evil exists because good men don't kill the government officials committing it." -- Kurt Hofmann

Ukraine’s currency just collapsed 50 percent in two days

Ukraine’s currency just collapsed 50 percent in two days

Anarcho-Capitalist Categorical Imperatives

AnCaps' Laissez-faire Free Trade Zone