During the year the Ukrainian currency has depreciated by more than 80 %. even the Icelandic
krona lost a total of 50 %

Do not believe me, if you are told that the Icelandic Krona worst of all - an island
the state has gradually strengthened its comatose foreign currency. Unlike in Ukraine,
where soon to be $ 100 a month to live. Interestingly, the Latvian
authorities urgently put his people on bread and water, and the rate of about lat
dollars per year remained virtually unchanged. Meanwhile, the Ukrainian
goods are very cheap and, in theory, could win the world markets.
Iceland has over 12 budget forward in the beginning of the crisis for the island
Geysers stuck the title of the crisis-hit countries: bankrupt
Three main bank. After a stormy credit boom, the country with a population of 320
Thousands of people rescued from default including the Russian credit of 4 billion euros
- Actually the Russians rescued his company, hiding in the Icelandic
offshore. The cost of Icelandic krona against the dollar has fallen by half:
per day of October, the currency lost 30%. The whole of November and December Icelanders
followed the currency jumps: one dollar, and gave 120 euros, and the end
month figure was 140. Relative stability has come in the spring.
Now the external debt of Icelandic banks 12 times the GDP of the country.
The economic problems have forced Iceland in July of 2009 to apply for
EU accession and to think about switching to the euro - on much thinner resuscitation
crown could take years, and pay credits needed now. As patched
Latvia's economy has experienced the strongest Latvia recession
in the EU: in the first quarter of 2009, falling to 13%. A crisis in the fall
began to call the Baltic-Black Sea - in September it seemed that Ukraine
and Latvia did not resurface. Harbinger of instability lat - the nationalization of the largest
bank in the country - Parex bank: 51% of the last owner sold the state
for a nominal sum - 2 Ls. But fluctuations in the dollar lat
during the year did not exceed 15%, when compared with September September
- If not without loss. Stop the devaluation of the Latvian authorities managed to
by a sharp decline of pensions, allowances and salaries to officials. But the EU
required to devalue to the Latvian economy and blow off steam
start competing goods and services by cheap money. Only by sacrificing
beloved by the Latvians, "an armor - two dollars," you can revive the economy
and avoid bankruptcy - Latvia borrowed from those who gave. Georgian
GEL: currency was a little war and the devaluation of the fall of 2008 GEL
has lost approximately 14%. This caused a panic in Tbilisi against the background of the increased
demand for the dollar closed down many bureaux de change, exhausted stocks of U.S.
currency. National Bank of Georgia has had the opportunity to meet the needs of
country's foreign currency, but he decided not to spend their gold
reserves. By the way, to survive the post-war Georgian lari helped generous European
and U.S. aid ($ 4, 5 billion over three years), which provides
stability of the currency. Russia: The power of the ruble - in oil
In Russia, the devaluation was 24% compared to last fall
year. As ukrainian hryvnia, last summer, the ruble has appreciated considerably.
In the autumn currency double-headed eagle early fall, with each month desheveya
at several points. Repetition of 1998 could be avoided by
Stocks gained Russia during the high oil prices. To strengthen
rubles were spent $ 220 billion of accumulated $ 600 billion stabilization occurred
in early summer, when the Russian currency froze at the point of 30 rubles per $ 1.
Analysts predict that if the price per barrel of Russian oil falls below
$ 50 - devaluation of the ruble will reach 40%. Polish zloty: fell
and saved the economy of the Polish currency has fallen in price by 41-42% relative
to the maximum of the last year and about 20% when compared with September
September. In autumn and winter of last year zloty weakened at a record pace,
demonstrating a 50 percent price reduction. Economists have urged the government
take urgent measures, fearing the final collapse. Result in
feeling zloty was only in late spring this year when the flexible exchange rate
rate ranged from 3, 2-2, 8 for $ 1. However, the Polish economy is falling
benefited: in Poland, go shopping in the neighboring Baltic countries,
where a high rate holding all means available. In addition, without
oil and gas, but only through another shock therapy, the Polish economy
- Unique in the EU - in the first quarter of this year has shown growth. Learn!
Herself said, "Can we say that the trade balance
creates the preconditions for exchange rate changes? At the present time - no ...
What is fueling the pressure that we see on the market? I think it's
associated with the uncertainty of future policy, "" I do not call people
that go in the presidential election, to become friends. But when a country in
crisis should be at least a mutual understanding of what to do.
Does not. Everyone is trying to hurt another, "head of mission of the International
Monetary Fund Dzheyla Pazarbasioglu Reuters in an interview said that in Ukraine
there are no fundamental economic reasons for the rapid depreciation of the
We asked the national currency: Why Ukrainian
currency has suffered more than others? "The Ukrainian economy is too open '
Alexander Acorn, an economic expert: - First of all,
this is due to the high openness of the Ukrainian economy. When, on the one hand,
plummeted export revenues, and with another - significantly reduced the flow
currency from abroad in the form of loans, we have witnessed a dramatic imbalance in supply
currency, which led to such consequences. But in most other countries
the ratio of exports to GDP is usually less than that allowed them less painful
survive this crisis and have smaller fluctuations. As it turned out
Stelmakh "leave" for fun? The other day the president has threatened the head of the National Bank
resignation, suggesting Stelmakh that overissue leads to a devaluation
hryvnia. - I think the President is not going to lay off anyone, just
he needs to disown Stelmakh, to protect himself from criticism over race
UAH, - explained, "The newspaper in Kiev," a source close to the leadership of the NBU.
- Publicly protect the head of the National Bank will not be, but fire too.
But even if we assume that Stelmakh "go" to hope that hryvnia
immediately strengthened, not worth it, says economic expert Alexander Acorn.
According to him, from the surname of the chairman of NBU here little depends.
- Indeed, some of the National Bank's hard to explain, but certainly
say that these actions are wrong, I would not. By the way,
place Stelmakh mark several of his deputies, most likely by
rumors, Anatoly Shapovalov. How to change exchange rates
for the year Iceland - krona: $ 1 on 5/9/08 - 87, $ 1 05/09/09 - 131;
fall in the national currency against the dollar during the year - 50, 6% UK
- Lb: $ 1 09/05/08 - 0, 56, $ 1 for 05/09/09 - 0, 61, a national drop
currencies against the dollar during the year - 8, and 9% Czech Republic - Koruna: $ 1 09/05/08
- 17, 46, $ 1 on 5/9/09 - 17, 87; falling national currency per year on
dollar - 2, 3% Poland - zloty: $ 1 09/05/08 - 2, 41, $ 1 for 05/09/09
- 2, 91; decline of the national currency against the dollar during the year - 20, 7%
Croatia - Kuna: $ 1 on 9/5/08 - 5, $ 1 on 5/9/09 - 5, 14, fall
National currency per year against the dollar - 2, 8% Honduras -
Lempira: $ 1 on 5/9/08 - 19, 2, $ 1 on 5/9/09 - 19, 5, falling national
currencies against the dollar during the year - 1, 6% Moldova - MDL: $ 1 09/05/08
- 9 9 $ 1 on 9/5/09 - 11, 4, falling national currency per year on
dollar - 15, 1% Argentina - Peso: $ 1 05/09/08 - 3, 04, $ 1 for 09/05/09
- 3, 84; decline of the national currency against the dollar during the year - 26, 3%
Bulgaria - Lev: $ 1 on 9/5/08 - 1, 35, $ ​​1 on 5/9/09 - 1, 37; fall
National currency per year against the dollar - a 48% Poland -
Zloty: $ 1 05/09/08 - 2, 41, $ 1 05/09/09 - 2, 91; national decline
currencies against the dollar during the year - 20, 7%, Egypt - pound: $ 1 on 05/09/08
- 5, 44, $ 1 on 5/9/09 - 5, 6, falling national currency per year on
dollar - 2, 9% Israel - Shekel: $ 1 on 9/5/08 - 3, 59, $ 1 for 09/05/09
- 3, 76; decline of the national currency against the dollar during the year - 4, 7%
Lithuania - Litas: $ 1 on 9/5/08 - 2, 42, $ 1 09/05/09 - 2, 45; national decline
currencies against the dollar during the year - 1, 2% Latvia - Lat: $ 1 09/05/08
- 0, 49, $ 1 for 09/05/09 - 0, 49; falling national currency per year on
dollar - 0% Russia - Ruble: $ 1 on 5/9/08 - 25, 48, and $ 1 on 05/09/09
- 31, 62, falling national currency against the dollar during the year - 24, 1%
Kazakhstan - Tenge: $ 1 on 5/9/08 - 122, 3 $ 1 05.09.09 - 152, 7;
fall in the national currency against the dollar during the year - 24, 9% of Belarus
- Dollar: $ 1 on 9/5/08 - in 2151, $ 1 on 9/5/09 - 2830; national decline
currencies against the dollar during the year - 31, 6% of Georgia - GEL: $ 1 05/09/08
- 1, 41, $ 1 on 5/9/09 - 1, 68; falling national currency per year on
dollar - 19, 1% of Armenia - Dram: $ 1 on 5/9/08 - 301, 4, $ 1 on 05/09/09
- 376, 9; decline of the national currency against the dollar during the year - 25%
Turkey - Lira: $ 1 on 5/9/08 - 1, 24, $ 1 on 5/9/09 - 1, 49; national decline
currencies against the dollar during the year - 20, 2% Ukraine - Hryvnia: $ 1
09/05/08 - 4, 84, $ 1 on 5/9/09 - 8, 89; falling national currency per year
against the dollar - 83, 6%

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