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Money Matters
How Ukraine's tax cheats stole billions from the country's coffers
How Ukraine's tax cheats stole billions from the country's coffers Ukraine's deputy tax minister says fraud scams diverted $11bn from the country's budget over just three years. As Ukraine's tax chief tells it, the billion-dollar theft was planned at a clear plastic table in a sound-proof vault. The table and six matching transparent chairs sit in a secret chamber on an upper story of the Tax Ministry in Kiev. It was the epicentre, he and other tax officials say... Forward>>
Money Matters
Really "dirty money"
Really "dirty money" Paper money first appeared in the East; they came into circulation in the European countries only in the 17th century. It was much more convenient to pay with banknotes, for one did not have to carry a heavy purse with metal coins. But no one could realize at that time how dangerous they might be. How could they find out that the paper money is a germs breeder. A huge number... Forward>>
Money Matters
Pensioners are the most active players on the deposit market
Pensioners are the most active players on the deposit market “Ukrainian pensioners are the most active depositors in deposit accounts”, - said Olexander Okhrimenko, a financial expert, during a press conference on "HolosUA". "Yes, our pensioners are not very rich, but they are very economical and often put money on deposits even though amounts are only small", - said the expert. Also O. Okhrimenko said that taking into consideration the economic... Forward>>
History
Modern Hryvnia andelements of its protection
Modern Hryvnia andelements of its protection The first coins of Rus (zlatnyk and sribnyk) were minted at the end of the 10th - the beginning of the 11th century during the reign of princes Vladimir Sviatoslavovych (978- 1015), Svjatopolk Okajanyj (1018), Yaroslav the Wise (1019-1054 pp. ). The Byzantine coins became a model for the coinage. The main reason to start minting zlatnyks and sribnyks was purely propagandistic and political... Forward>>