Hryvnia Set to Extend World’s Worst Loss on Gas Price Increase
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Ukraine’s hryvnia is set to extend the world’s worst slump this year as the price of natural gas imported from Russia rises, according to Royal Bank of Scotland Group Plc and Standard Bank Group Ltd.
The hryvnia has lost more than 27 percent in 2014 to 11.345 per dollar and may weaken to 12.50 by year-end, RBS forecasts.