- Ukraine devalues its currency, the hryvnia, by 25% relative to the US dollar.
- The current exchange rate is 36.568 per dollar and “remains fixed,” according to the NBU.
- when Moscow launched its full-scale invasion of the Ukraine, the exchange rate was 29.25 hyrvnia per dollar.
The Ukraine has devalued its currency, the hryvnia, by 25% relative to the US dollar.
“The reasoning behind the decision was the shift in the fundamental parameters of the Ukrainian [hryvnia] during the war and the strengthening of the dollar,” the banking regulator, the National Bank of Ukraine, said in a statement.
The current exchange rate is 36.568 per dollar and “remains fixed,” according to the NBU. On February 24, when Moscow launched its full-scale invasion of the Ukraine, the exchange rate was 29.25 hryvnia per dollar.
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