22 July 2022 Macroeconomics
Economic Insight
NBU Takes Bold Decision to Protect Reserves
Yesterday, the NBU abandoned the pre-war official exchange rate of hryvnia vs. US$ and devalued the local currency by 20%. This move is designed to reduce imbalances in the FX market by curbing dem ...
ICUMacroInsight-20220722.pdf (242.2kb)