You're reading: Soros blamed for demise of Ukrainian hryvnia

Portfolio online financial journal in Hungary reports that the exchange rate crisis of the Ukrainian currency has led many to blame Hungarian-born speculative investor George Soros for the turmoil. The slump began shortly after he met Ukraine's Prime Minister Yulia Tymoshenko, the Budapest news organization writes.

Soros’s name is popping up more and more frequently in local media sources, which suspect the financial guru may have engineered an assault on the Ukrainian hryvnia similar to the Black Wednesday attack that broke the Bank of England. The suspicions are fueled by the fact that the sharp decline in the value of the currency followed Soros’s meeting with premier Yulia Tymoshenko