All three banks were placed under supervision by the country’s Financial Supervisory Authority. The financial crisis had serious consequences for the country as its currency fell sharply against major...

All three banks were placed under supervision by the country’s Financial Supervisory Authority. The financial crisis had serious consequences for the country as its currency fell sharply against major currencies (and especially the euro); its foreign currency transactions were suspended for several weeks and its stock market lost more than 90% of its value.