Safe-Box Stampede Lays Bare Ukraine's Challenge After Vote
More commonly known as a home for fancy jewels and ill-gotten gains, safe-deposit boxes are swallowing a growing chunk of regular savings in Ukraine. For Demianenko, a 32-year-old accountant, the box she rents for $8 a month means capital controls can’t block her family’s access to money.
More commonly known as a home for fancy jewels and ill-gotten gains, safe-deposit boxes are swallowing a growing chunk of regular savings in Ukraine. For Demianenko, a 32-year-old accountant, the box she rents for $8 a month means capital controls can’t block her family’s access to money.
“The central bank is tightening the screws -- you can withdraw less and less,” she said by phone after stashing more than 10,000 euros ($12,700) in the Ukrainian capital, safely away from the eastern unrest. “We had to visit many banks in order to find a box. There’s a craze for them now in Kiev.”
Read More: www.bloomberg.com/news/2014-10-28/safe-deposit-box-craze-lays-bare-ukraine-woes-after-vote.html