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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)