1. While details still need to be worked out, including which currency the lev will be pegged to and at what rate, investors are already taking heart. 2. But with the lev currency falling hourly, and wages now worth half what they were a month ago, that is unlikely to appease people. 3. Fuel shortages are at least partially caused by the sharp drop in the value of the leva currency. 4. In one small positive sign, the leva currency, which has been plummeting against the dollar, actually strengthened a bit. 5. Privatization has been virtually non-existent, the value of the lev currency has plunged, and residents have begun lining up to buy bread. 6. The economy still is largely in state hands, the lev currency is plummeting and living standards are falling. 7. The economy still is largely in state hands, the lev currency is plummeting, and many people are facing falling living standards. 8. The value of the lev currency has fallen tenfold over the past year. 9. The value of the lev currency has plummeted, and the International Monetary Fund is urging establishment of a currency board to limit spending and restore financial discipline. 10. The value of the lev currency is plummeting and banks are in jeopardy. |