Ukraine: Banks Not Trusted

Ukrainiana explains why people are reluctant to entrust their money to Ukrainian banks: “Bring the money to the banks? Only to have the banks refuse to give the money back when you need it? Hasn’t the government poured billions of hryvnias into troubled banks without demanding equity stakes from them? Isn't it true that the banks then used the stimulus money to bet against the hryvnia, with a little help from the National Bank?

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