“Panic Must Be Stopped” Ukraine Central Bank Head Says, Boosts Capital Controls
by Tyler Durden
ZeroHedge.com
02/27/2015
Yesterday, when we observed the latest record plunge in the Ukraine currency we predicted that the imploding, hyperinflating nation will “halt currency trading any minute.” Well, Ukraine has so far not fully blocked all trading… yet, however hours ago Ukraine’s central bank did the next best thing when it announced it would “boost restrictions on capital operations as it fights to quell panic that has triggered deposit withdrawals and depleted foreign-exchange reserves, Governor Valeriya Gontareva said.” The punchline, almost literally, “Panic must be stopped and we are doing that now,” Gontareva said. Because there is nothing that creates more panic than warning “panic must end or else…”
The Rest…HERE
