Wednesday, February 09, 2005

Ukr. Hryvnia, is it time for appreciation?

There are reports of a rush of foreign funds/investments coming into Ukraine. There should be an increase in the demand for the Hryvnia which might drive it up against the US dollar. As a speculative activity, Hryvnia deposits in Ukrainian banks with quite high rates of interest return might start to make sense with coup[ling of interest return and Hryvnia appreciation. 

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