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Bank Run Full Frontal: Ukrainians Withdrew 7% Of All Deposits In Two Days
Zero hedge ^ | 02/25/2014 | by Tyler Durden

Posted on 02/25/2014 10:55:57 PM PST by Jet Jaguar

Well that escalated quickly. It seems the ouster of Yanukovych, heralded by so many in the West as a positive, has done nothing to quell the fear of further economic collapse in Ukraine:

*UKRAINIANS WITHDREW AS MUCH AS 7% OF DEPOSITS FEB. 18-20: KUBIV *DEPOSIT WITHDRAWALS STILL HIGH IN THE EAST, KUBIV SAYS This is around a 30 billion Hyrvnia loss (over $3 billion) in just 2 days for the banks and the new central bank chief is considering "stabilizing loans" to help banks deal with the liquidity crisis (though Ukraine's reserves stand at a mere $15 billion).

Reserves are in freefall... and will only get worse if the bank run continues...

(Excerpt) Read more at zerohedge.com ...


TOPICS: Weird Stuff
KEYWORDS:

1 posted on 02/25/2014 10:55:57 PM PST by Jet Jaguar
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To: Jet Jaguar

Stuff happens when your top government offcials are corrupt.


2 posted on 02/25/2014 11:17:10 PM PST by Jim Robinson (Resistance to tyrants is obedience to God!!)
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To: Jim Robinson

And when you think the Russians might come in and seize everything.


3 posted on 02/25/2014 11:18:26 PM PST by 21twelve (http://www.freerepublic.com/focus/f-news/2185147/posts 2013 is 1933 REBORN)
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To: Jet Jaguar

Same thing will happen here. The corrupt government is propping up the markets. The inevitable crash is going to hurt everyone.


4 posted on 02/25/2014 11:20:49 PM PST by Jim Robinson (Resistance to tyrants is obedience to God!!)
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To: Jim Robinson

Yep -— I don’t know how we can prep enough.


5 posted on 02/25/2014 11:43:25 PM PST by F15Eagle (1Jn4:15;5:4-5,11-13;Mt27:50-54;Mk15:33-34;Jn3:17-18,6:69,11:25,14:6,20:31;Ro10:8-11;1Tm2:5-6;Ti3:4-7)
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To: Jim Robinson

They are also controlling the precious metals prices.


6 posted on 02/25/2014 11:57:00 PM PST by VerySadAmerican (".....Barrack, and the horse Mohammed rode in on.")
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To: 21twelve

When it comes to money it’s not the Russians they’re worried about.

Now that the Russians’ guy is out, there’s no Russian aid. But the Ukrainians know that their State has amassed huge debts and liabilities. So they are taking their money out before they get ‘bailed in’. They don’t want to be Cyprus II.


7 posted on 02/26/2014 12:41:56 AM PST by agere_contra (I once saw a movie where only the police and military had guns. It was called 'Schindler's List'.)
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To: Jet Jaguar

The last time the oranges were in power they wrecked the economy.


8 posted on 02/26/2014 3:09:58 AM PST by SeeSharp
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To: Jet Jaguar

The Hrivna is sagging badly. The exchange rate against the dollar has gone to 9.5/1 an all time high. Imported goods are really expensive now and getting worse


9 posted on 02/26/2014 3:23:48 AM PST by Jimmy Valentine (DemocRATS - when they speak, they lie; when they are silent, they are stealing the American Dream)
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