You're reading: Bloomberg Businessweek: Ukraine devaluation angst mounts as Yanukovych secures win

Banks in Ukraine’s capital didn’t have enough dollars to convert Oleksandra Ratushnyak’s hryvnia savings this week so she spent the rest to offload a currency investors bet will slide after the ruling party won re-election. “Nobody trusts the hryvnia,” Ratushnyak, a 29-year-old lawyer, said Oct. 29 in Kyiv after buying $1,750 from three banks and being told four more had run out. “The exchange rate has been manipulated and no one knows how much it’s worth.”

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