The day after President Zelenskiy called for an 11% devaluation of the hryvnia, the IMF representative said:

The day after President Zelenskiy called for an 11% devaluation of the hryvnia, the IMF representative said: “The current Stand-By Arrangement is premised on…a continuation of the economic policies of inflation targeting, a floating exchange rate, accumulation of foreign reserve and strengthening of the financial sector.”