Ukrainian currency hits all-time low against dollarFebruary 25, 2014 - 22:48 AMT PanARMENIAN.Net - Ukraine's currency has tumbled to an all-time low against the dollar amid uncertainty over the country's political and financial future, the Associated Press reports. The hryvnia was down 7 percent at one point Tuesday, Feb 25, to 9.8 hryvnia per dollar, according to financial data provider FactSet. By late afternoon in Europe, it was down 6 percent at 9.71 per dollar. Violent political protests caused the president, Viktor Yanukovych, to flee the capital. Parliament speaker Oleksandr Turchinov, who was named interim leader, has delayed the formation of a new government. The uncertainty over the country's direction is causing investors to shy away from its currency and financial markets. Related links: Top stories Yerevan has dismissed Turkey’s demand to shut down the Armenian nuclear power plant as “inappropriate”. Armenia will loan 2.9 billion drams to Nagorno Karabakh (Artsakh), according to a draft government decision. The Ministry of Ecology and Natural Resources of Azerbaijan has “strongly condemned” Armenia’s decision. Kerobyan has said that for the first time in the history of Armenia, the volume of foreign direct investments amounted to about $1 billion. Partner news | Narek Manasyan wins European Boxing Championships silver for Armenia Armenia’s Narek Manasyan (92kg) won Armenia’s second silver medal at the European Boxing Championships 2024 on April 28. Blinken urges Azerbaijan to continue negotiations with Armenia Secretary of State Antony J. Blinken has urged Azerbaijani President Ilham Aliyev to continue negotiations with Armenia. Pashinyan, Blinken talk Armenia-U.S. ties over the phone Prime Minister Nikol Pashinyan had a phone conversation with US Secretary of State Antony Blinken on April 28, Pashinyan’s office reports. Titus, Bilirakis lead legislation to sanction Azerbaijani war criminals Representatives Dina Titus (D-NV) and Gus Bilirakis (R-FL) have introduced the bipartisan legislation. |