By the end of «black Wednesday», Feb. 25, the Ukrainian currency exchange rate went down to 33 hryvnias to the dollar and never bounced back. It also plummeted as low as 50-60 hryvnias at the black market to stay there. The official rate was around 15 hryvnias to the dollar in mid-February... In general, the reason for the currency collapse is the economic crisis transforming into a national disaster. Ukrainian Prime minister Arseniy Yatsenyuk has acknowledged recently that the economy dropped 20 % in 2014... According to the recently published forecasts, the GDP is to fall by 5, 5 % in 2015. The yearly inflation is estimated to be 25-26%. The crisis has also spread to banks...
D.Sc. (Economics), Economist and the chairman of the S.F. Sharapov Russian Economic Society