The National Bank of Ukraine will devalue the hryvnia next week, following reports that the International Monetary Fund was pushing the bank to weaken the country's currency ahead of negotiations for a new loan program.
  • HotznplotznEnglish
    5·
    4 months ago

    Likely the best move in the given situation and also backed by the Ukrainian Ministry of Finance (understandably less so by the central bank). They must be careful, while particularly the EU and also Canada should speed up the process to provide loans to Ukraine using Russian frozen assets. That takes a lot of financial pressure off the plate imo.