National Bank of Ukraine in Kyiv (Creative Commons)
The National Bank of Ukraine on Dec. 1 lifted all restrictions on financial institutions linked to the sales of foreign currencies to the public, the central bank announced.
"The de facto existence of such restrictions is one of the reasons for the multiplicity of exchange rates. By lifting them, we have reason to expect that this will allow us to keep the difference between cash and non-cash exchange rates at a minimum," said NBU Governor Andriy Pyshnyy.
In October, the central bank announced it was transitioning to a floating rate system.
Kyiv has sought to defend the hryvnia currency in order to shore up confidence in its banking system.
International donors have already disbursed $35 billion in financial support in 2023.
Lance Luo (Li P. Luo) is a news editor at the Kyiv Independent. Previously, he worked at Radio Free Europe/Radio Liberty and Hromadske Television in Kyiv. He also spent three years in finance and strategy consulting. Mr. Luo graduated from the University of Southern California and serves as an arbitrator at FINRA.
Russian forces launched an overnight attack on the city of Zaporizhzhia on Nov. 20-21, killing five people and wounding eight others, local officials said.
Ukraine's General Staff denied claims made by the chief of the General Staff of the Russian army, Valery Gerasimov, that Russian forces have captured the city of Kupiansk on Nov. 20.
The back office is being investigated by the National Anti-Corruption Bureau (NABU) as part of the Energoatom case, the biggest corruption investigation during President Volodymyr Zelensky's presidency.
The Russian attack on Ternopil killed at least 28 people, including three children, and injured 94 others, among them 18 children, according to Ukraine's Emergency Service.
During a joint press conference with Swedish Prime Minister Ulf Kristersson on Nov. 19, Merz said that Germany is "doing everything possible" to equip Ukrainian army with long-range weapon systems.
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Independent, under fire — and unstoppable with you on board
Independent journalism is never easy, and it’s even harder in wartime. Yet we can do it without paywalls, billionaires, or compromise — because of our community. Help us reach 25,000 members by the end of 2025.
The Kyiv Independent news desk
