Tuesday, November 30, 2004

Ukraine Bank Runs 9 days after election

Thanks to the Turkish Press for this heads up:

DONETSK, Ukraine, Nov 30 (AFP) - Angry pensioners in eastern Ukraine jostled for a place in line to a bank Tuesday as a crisis over a bitterly disputed presidential election spilled into the financial sector.
"If only they would let me withdraw at least 1,000 hryvnas (190 dollars)," said 76-year-old Yulia Kopran, one of thousands of Ukrainians who have rushed to convert their hryvnas into foreign currency over the past few days.
The run on bank deposits was sparked by a crisis that followed a November 21 runoff presidential vote, including mass opposition demonstrations and threats of separatism by southeastern regions.

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