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In the Rada’s latest move to meet IMF requirements,

Ukraine’s parliament yesterday approved legislation to strengthen the independence of the central bank and expand its regulatory powers. Government members are not to attend Board meetings of the National Bank of Ukraine. The central bank wins more control over the activities, reputation and financial states of banks’ major owners, related parties and top managers. In 2015-2017, Ukraine closed about two thirds of Ukraine’s banks due to insolvency.

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