Ukraine hryvnia's steady slide may spook household depositors


  • World
  • Tuesday, 04 Feb 2014

LONDON (Reuters) - Ukraine's hryvnia currency could slide further after losing more than 5 percent in January if its weakness shakes households' faith in the safety of their bank deposits and prompts them to seek refuge in dollars.

The central bank appears to have eased its tight grip over the hryvnia since mid-January, allowing it to tumble as much as 2.5 percent against the dollar last Friday - the currency's biggest one-day fall since October 2009.

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