Crimea To Abandon Currency, Switch To Russian Ruble On April 1st

APphoto_Ukraine

Crimean Deputy Prime Minister Rustam Temirgaliev has told RIANovosti that the region will abandon Ukraine’s Hyrvnia:

  • *CRIMEA TO SWITCH TO RUSSIAN RUBLE APRIL 1: RIA NOVOSTI

This is not a total surprise as Reuters reported the Crimean Deputy PM stating “we are ready to introduce a ruble zone,” a week ago.

For the last few years the UAH/RUB exchange rate has oscillated around 38 in an ‘almost’ peg anyway..

Read More at ZeroHedge

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