The Ukrainian hryvnia

The Ukrainian hryvnia (UAH) was about 8.14 UAH per US dollar in mid-2012. On 18 March 2014, the government of Crimea announced that the Ukrainian hryvina was to be dropped as the region’s

currency in April 2014. Now Ukraine faces backlash as devaluation ravages the economy. The exchange rate as at 25 June 2014 was about 11.8 per US dollar.
Required:
Discuss the effects of Ukraine’s rapidly declining currency on its mortgage borrowers, the banking system and the USD 17 billion bailout fund from the International Monetary Fund (IMF).
Note: There should be a minimum of 5 references (academic). No plagiarism.
This essay is about Foreign exchange markets. You are expected to look into the consequences of a certain country’s rapidly depreciating currency.

.