You're reading: The Financial Times: Kyiv to citizens – cough up your cash

With Ukraine’s currency plunging to a three-year low of 8.27 hryvnia to the dollar, and central bank reserves dwindling, the administration of President Viktor Yanukovich has turned to hardball tactics to preserve stability.A series of new currency market rules adopted early this week aim to force impoverished citizens and oligarch-owned exporters into coughing up their hard currency cash.

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