Ukraine’s IMF Aid Offers No Panacea for Currency After 61% Drop

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  • Hryvnia will likely tumble after capital controls are eased
  • `Bottled-up pressure' will push currency lower, Citi says

Meeting the conditions of an International Monetary Fund bailout will likely fail to offer much relief for Ukraine’s beleaguered currency, which has depreciated about 61 percent since the beginning of last year.

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