ECONOMY

BLOOMBERG: World’s Best-Performing Currency Cools Ukrainians’ Lust to Leave

The Ukrainian hryvnia has gained more against the US dollar than any other national currency during 2019

Volodymyr Verbyany
Friday, 20 December 2019 17:09

For Bohdan Myts, the strength of Ukraine’s hryvnia was a bonus as he quit a construction job in Poland and moved back to his homeland.

The 31-year-old returned to the former Soviet republic in April for similar work, with the currency jump meaning he can buy more pricey imported goods, as well as U.S. dollars -- a popular store of wealth for many Ukrainians after multiple boom-bust cycles since communism fell.

“Due to hryvnia appreciation, my salary in Ukraine is rising,” Myts said.

This year’s world-beating hryvnia rally may be helping persuade more Ukrainians that the grass isn’t greener beyond the country’s borders.

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