National Bank of Ukraine

The National Bank of Ukraine has set the official hryvnia exchange rate at 41. 1382 UAH/USD, strengthening it by 19 kopecks. The euro exchange rate is set at 45.30 UAH/euro, and the dollar is trading at 41.13-41.17 UAH on the interbank market.

The IMF has been waiting for a long time for a reform in Ukraine's personnel policy, says the former Presidential Advisor.

A criminal case has been opened against the director of the legal department of the NBU, Zyma, under articles related to abuse of power and official position. Experts call for the dismissal of Zyma to preserve trust in the NBU and avoid a negative impact on the banking system.

The NBU set the official exchange rate of the hryvnia at 41. 3262 UAH/USD, which strengthened the hryvnia by 2 kopiykas. In banks, the dollar can be bought for 41.59 UAH and sold for 41.20 UAH.

The recycling of destroyed military equipment produced 100 kg of gold, 1900 kg of silver and 25 kg of platinum. In 7 months of 2024, this brought in UAH 24.7 million, and another UAH 18 million is expected by the end of the year.

The IMF requires Ukraine to hold an open competition for the position of director of the Deposit Guarantee Fund. The expert believes that Ukraine will fulfill this requirement, as it has no other options for obtaining funding.

Zyma's influence: investigators should check all the actions of the National Bank's chief lawyer.

The NBU has set the official hryvnia exchange rate at 41. 3464 UAH/USD, which devalued the hryvnia by 6 kopecks. On the interbank market, the dollar is traded at UAH 41.35-41.37, the euro at UAH 45.33-45.44.

The Verkhovna Rada's Temporary Investigation Commission is considering solutions to combat drops, including strengthening financial monitoring and limiting turnover. According to estimates, about UAH 200 billion a year goes through drops.

The NBU reports high liquidity in the banking system, despite fluctuations in hryvnia deposits in July. In early August, hryvnia savings started to grow, exceeding the levels of the beginning of the year and the war.

Oleksandr Zyma, director of the NBU's legal department, has been in the spotlight due to the opening of criminal proceedings for alleged abuse of power or authority. Investigators will have to check whether his violations of the law were systemic to maintain confidence in the regulator.

Transparent competition for the position of the DGF Managing Director: IMF requirements and challenges for the National Bank of Ukraine.

The NBU set the official hryvnia exchange rate at 41. 2830 UAH/USD, which devalued the hryvnia by 17 kopecks. The official exchange rate of the euro to the hryvnia was set at 45.10 UAH/euro.

The IMF has set requirements for Ukraine to receive the next tranche. These include transparent competitions for senior positions, an audit of the NBU's reserves, and the completion of NABU reform.

Does the criminal case against Zyma, the National Bank's chief lawyer, call into question all the decisions he made?.

In July 2024, consumer prices in Ukraine remained unchanged compared to June, but increased by 4. 3% since the beginning of the year. Core inflation was 0.7% in July and 4.1% since the beginning of the year.

To mark the anniversary of Independence, the NBU issued modified banknotes with the slogan 'Glory to Ukraine! Glory to the Heroes.

Ukraine will fulfill the IMF's requirements to receive financial assistance, says economist Andriy Novak. Among the requirements are changes to the legislation on an open competition for the position of the DGF director by spring 2025.

The case against Zyma, the National Bank's chief lawyer, may become a flagship in the fight against corruption or a major obstacle to investment.

The NBU has set the official hryvnia exchange rate at 40. 9926 UAH/USD, down 1 kopeck. In banks, a dollar can be bought for UAH 41.30 and sold for UAH 40.85. On the interbank market, the rate is 40.92-40.96 UAH/USD.

The Ministry of Finance has held meetings with business representatives to find additional UAH 500 billion for defense in 2024. It is proposed to revise the military duty and excise taxes, which will provide UAH 138.7 billion by the end of 2024.

In two months, banks have received more than 7. 3 thousand applications for lending to energy infrastructure restoration projects. Applications worth almost UAH 4 billion have been approved, of which UAH 607 million are already being used by businesses.

Economist Vasyl Povoroznyk believes that the NBU is ready to gradually liberalize restrictions. This could solve problems with the conversion of foreign currency loans and revive economic activity.

The IMF requires an open competition for the position of the DGF director, but the authorities can appoint the head in a closed mode. Experts warn that ignoring the IMF's requirements could lead to the loss of critical financial assistance.

Law enforcers do not like to investigate economic crimes, says the former judge.

The National Bank of Ukraine has set the official hryvnia exchange rate at 40. 9847 UAH/USD, strengthening it by 5 kopecks. The euro exchange rate is set at 44.76 UAH/euro, and the dollar is trading at 41.87-41.92 UAH on the interbank market.

The security expert believes that the director of the NBU's legal department, Zyma, should be suspended for the duration of the investigation. He called corruption an incurable disease in Ukraine that requires decisive action.

The National Bank of Ukraine is gradually easing currency restrictions for entrepreneurs. This helps to balance the economy and improves the conditions for the development of domestic business, although no significant easing is expected.

Given Ukraine's total dependence on external financing, it is dangerous to ignore the IMF's recommendations, the expert says.

MP Mykhailo Tsymbalyuk said that the tax service in Ukraine has not become a service and needs to be reformed. He pointed to the problems of corruption, blocking of tax invoices and lack of responsibility of the management.