Fresh from purging the leadership of the central bank, President Zelenskiy told business leaders yesterday that Ukraine’s exchange rate should match the rate in the national budget – 30 hryvnia to the dollar.

Fresh from purging the leadership of the central bank, President Zelenskiy told business leaders yesterday that Ukraine’s exchange rate should match the rate in the national budget – 30 hryvnia to the dollar. That would represent a 11% devaluation from today’s National Bank of Ukraine rate — 26.93 hryvnia to the dollar. Last December, the hryvnia strengthened to a recent peak of 23.22 to the dollar. Today’s rate is half of one percent weaker than one year ago, July 8, 2019.