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Music and Art at the Ukrainian Institute of America
Posted by Apple Blossom on August 30, 2005 at 21:48:29:
The ministry reiterated that when working out the macroeconomic forecast for 2006, it had agreed to the average rate of 5.05 hryvnas per dollar, bearing in mind that from 2007 the hryvna would be pegged to the euro based on the EU rules.
http://www.rbcnews.com/free/20050830145708.shtml
Well this certainly makes alot of sense esp. in light of the decline of the dollar on the currency markets. But why had mass media been reporting that it would be tied to the dollar?