Tue, 21-Oct-2025

Ukraine central bank more than doubles key rate

central bank

Ukraine’s central bank more than doubled its main interest rate on Thursday. Extraordinary action aimed at bolstering the country’s economy. Russia’s invasion drove inflation to 16.4% in April, predicted to hit 20%. Ukraine’s central bank more than doubled its main interest rate on Thursday, in an extraordinary action aimed at bolstering the country’s economy, which … Read more

EU finds solution to Ukrainian refugees’ cash problems

Ukrainian refugees in Germany will be able to exchange banknotes of their currency, the Ukrainian hryvnia, into euros without conversion rates starting Tuesday. The German finance ministry, German Federal Bank, German banking industry, and the National Bank of Ukraine, approved. “Refugees can exchange a total amount of up to 10,000 hryvnia into euros at participating … Read more