Estonia is prepared to hand over men refugees to Ukraine but acknowledges it as a violation of human rights
December 28, 2023Europe cannot deliver the promised one million units of ammunition to Ukraine on time
December 28, 2023A fresh round of devaluation is observed in the currency interbank. Today, December 28, during Bloomberg trading, the UAH/USD rate climbed from 37.85 UAH/USD to 38.065 UAH/USD, marking a significant rise from Monday’s rate of 37.55. This is reported by Strana.ua.
Over last two days, the official UAH/USD rate has surged notably: while the National Bank set it at 37.6194 UAH/USD yesterday (for December 28), today (for December 29), it stands at 37.9824 UAH/USD. Further increases in currency demand might propel the official rate beyond 38 UAH/USD tomorrow. Officials continue to claim ‘there’s no money,’ and the challenge of acquiring funds without international partners remains unclear – both the Ministry of Economy and the Ministry of Finance emphasize this. It’s understood that managing without external assistance will be difficult.
There’s a clear intention for the state to devalue the hryvnia to benefit from converting previously received foreign aid. Also, citizens’ sentiments have been negatively affected by news of a new conscription law. It’s encouraging population migration, bank account transfers to family members, and cash withdrawals from cards, leading to increased demand for foreign currency. It’s challenging to predict the significance of these volumes.