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Ukraine Currency

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NEWS
January 11, 1992 | MARY MYCIO, SPECIAL TO THE TIMES
The Ukrainian government began extracting the country from what remains of the disintegrating Soviet economy with the introduction Friday of reusable coupons--effectively a new currency to replace the old ruble. Soviet paper money became worthless overnight in state-run Ukrainian stores where most urban Ukrainians shop for food, clothing and household goods; the new scrip will be the only acceptable cash there until a full-fledged Ukrainian currency is issued this summer.
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NEWS
March 25, 1992 | ALEX SHPRINTSEN, SPECIAL TO THE TIMES
Angered by what it regards as Moscow's continued domination, the Ukrainian Parliament on Tuesday approved a program that will speed up the country's economic break with Russia and reorient it toward the West. President Leonid Kravchuk, blaming Ukraine's sharp economic downturn on Russian policies, warned deputies that "mass unemployment, increasing inflation and a worsening of social conditions await us" unless the country takes full control of its own economy.
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NEWS
January 15, 1992 | MARY MYCIO, SPECIAL TO THE TIMES
President Leonid M. Kravchuk, denouncing Russia's imperialism, announced Tuesday that Ukraine will effectively be rid of the ruble by next month, when special paper coupons become the legal tender for all cash transactions.
NEWS
March 17, 1992 | ALEX SHPRINTSEN, SPECIAL TO THE TIMES
The money-like coupons that Ukraine introduced two months ago to supplant the old Soviet ruble and free the country from Russia's "economic domination" are falling so rapidly in value that the government on Monday introduced new regulations requiring people to pay their rent and utility bills with them.
BUSINESS
January 1, 1992 | MARY WILLIAMS WALSH, TIMES STAFF WRITER
When an independent Ukraine starts using its new money this year, the bills will be the handiwork of a Canadian printing concern, Canadian Bank Note Co. Canadian Bank Note will print 1.5 billion bills for Ukraine, enough paper to fill 39 jumbo jets, according to corporate secretary Shirley Arends. She said the company hopes to use the Ukrainian contract as a jumping-off point for negotiating currency-printing deals with the other new countries that were until recently Soviet republics.
NEWS
January 25, 1992 | MARY MYCIO, SPECIAL TO THE TIMES
There's a run on the banks in Ukraine these days. But in the topsy-turvy, post-Soviet world of Ukrainian independence, that doesn't mean savers here are withdrawing every last penny. Instead, Ukrainians suddenly are trying to deposit all the cash they used to stuff in mattresses, pillow cases and cookie jars--anywhere, that is, except the bank. The rush to deposit the money does not reflect a sudden burst of confidence in the banks. It represents the plummeting trust in the ruble since Jan.
NEWS
March 25, 1992 | ALEX SHPRINTSEN, SPECIAL TO THE TIMES
Angered by what it regards as Moscow's continued domination, the Ukrainian Parliament on Tuesday approved a program that will speed up the country's economic break with Russia and reorient it toward the West. President Leonid Kravchuk, blaming Ukraine's sharp economic downturn on Russian policies, warned deputies that "mass unemployment, increasing inflation and a worsening of social conditions await us" unless the country takes full control of its own economy.
NEWS
March 17, 1992 | ALEX SHPRINTSEN, SPECIAL TO THE TIMES
The money-like coupons that Ukraine introduced two months ago to supplant the old Soviet ruble and free the country from Russia's "economic domination" are falling so rapidly in value that the government on Monday introduced new regulations requiring people to pay their rent and utility bills with them.
NEWS
June 12, 1993 | ROBERT SEELY, SPECIAL TO THE TIMES
This nation's biggest labor protest of the post-Soviet era spread Friday as workers from at least half the 250 coal mines were reported on strike demanding better wages and a change in the country's leadership. More than 150,000 miners have walked out in protest against fourfold price increases that were imposed last weekend on everything from groceries to gasoline in order to stabilize the falling value of Ukraine's currency.
NEWS
April 24, 1998 | MARY MYCIO, SPECIAL TO THE TIMES
Just weeks before this nation is to host a gathering of global bankers and businesspeople, one of Ukraine's leading financiers and politicians was killed in what may be the highest-profile contract slaying in the seven years since this former Soviet republic won its independence. Vadim Hetman, 62, chairman of Ukraine's currency exchange and a respected patriarch of its banking system, was found dead in the elevator of his Kiev apartment building Wednesday night, shot in the head and stomach.
NEWS
January 25, 1992 | MARY MYCIO, SPECIAL TO THE TIMES
There's a run on the banks in Ukraine these days. But in the topsy-turvy, post-Soviet world of Ukrainian independence, that doesn't mean savers here are withdrawing every last penny. Instead, Ukrainians suddenly are trying to deposit all the cash they used to stuff in mattresses, pillow cases and cookie jars--anywhere, that is, except the bank. The rush to deposit the money does not reflect a sudden burst of confidence in the banks. It represents the plummeting trust in the ruble since Jan.
NEWS
January 15, 1992 | MARY MYCIO, SPECIAL TO THE TIMES
President Leonid M. Kravchuk, denouncing Russia's imperialism, announced Tuesday that Ukraine will effectively be rid of the ruble by next month, when special paper coupons become the legal tender for all cash transactions.
NEWS
January 11, 1992 | MARY MYCIO, SPECIAL TO THE TIMES
The Ukrainian government began extracting the country from what remains of the disintegrating Soviet economy with the introduction Friday of reusable coupons--effectively a new currency to replace the old ruble. Soviet paper money became worthless overnight in state-run Ukrainian stores where most urban Ukrainians shop for food, clothing and household goods; the new scrip will be the only acceptable cash there until a full-fledged Ukrainian currency is issued this summer.
BUSINESS
January 1, 1992 | MARY WILLIAMS WALSH, TIMES STAFF WRITER
When an independent Ukraine starts using its new money this year, the bills will be the handiwork of a Canadian printing concern, Canadian Bank Note Co. Canadian Bank Note will print 1.5 billion bills for Ukraine, enough paper to fill 39 jumbo jets, according to corporate secretary Shirley Arends. She said the company hopes to use the Ukrainian contract as a jumping-off point for negotiating currency-printing deals with the other new countries that were until recently Soviet republics.
SPORTS
January 25, 2009 | associated press
Poland and Ukraine have earned the endorsement of soccer's officials -- again -- for the 2012 European Championship after months of speculation that they'd lose the tournament. Recent visits to host cities, however, reveal the giant task that lies ahead. The jubilation that erupted in Poland and Ukraine after the Union of European Football Associations' decision in April 2007 to award them European soccer's showcase event turned to fear last year as false starts on the construction of stadiums, roads, airports and hotels in both countries fueled speculation UEFA could dump the eastern Europeans and move the tournament to a backup host -- possibly Italy, Germany or Scotland.
WORLD
February 23, 2014 | By Carol J. Williams
MOSCOW - Russia will withhold further loans and aid to Ukraine in the wake of the tumultuous leadership changes underway in the former Soviet republic until it becomes clear who will be in charge in the new interim government, Finance Minister Anton Siluanov said Sunday. Siluanov also said Moscow believes Ukraine should turn to the International Monetary Fund for help averting bankruptcy and reforming its corrupt and massively indebted budget, a signal that the Kremlin may be unwilling to further extend loans and subsidies to a nation now under the sway of pro-Western opposition figures.
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