EconomyFinance

The financial sector functions despite the war.

Thursday, March 17, 2022
The financial sector functions despite the war.

 Since the start of the war, the official exchange rate has been frozen at USD/UAH 29.25 and EUR/UAH 33.17. Exports have mostly halted, while imports were reduced to a government-specified list of critical imports, and controls on capital flows were introduced. The NBU balances this reduced market with its interventions. Over the last week, the central bank sold a net of $266M and €74M. Since the start of the war, the NBU has sold a net of $424M and purchased a net of €54M.

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