Ukraine devalues national currency ...News

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Ukraine devalues national currency
The hryvnia has been weakened against the US dollar by 25% The National Bank of Ukraine has reduced the official hryvnia exchange rate against the US dollar by 25%, the regulator announced in a statement on its website on Thursday. “This step will improve competitiveness of Ukrainian producers, converge exchange rate conditions for different groups of businesses and households, and support the resilience of the economy during the war,” the NBU said in the statement. The regulator added that “the reasoning behind the decision was the shift in the fundamental parameters” of Ukraine’s economy and the strengthening of

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