Mortgage Maidan

16 Jul

There’s a small protest that’s begun outside the National Bank in Kyiv.  The protesters are unhappy about the amount of money they now owe for their mortgages.  Mortgages, in Ukraine,  are taken out in US dollars because the currency keeps its value well.  Since the start of the Maidan Revolution USD has kept going up meaning bigger than expected mortgage repayments for borrowers who took out a mortgage pre Revolution.

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