
Colonel Kozlovsky, from the Logistics Forces, is under suspicion for misappropriating 4 million euros
January 8, 2024
Case of employees from the Ternopil territorial recruitment center, suspected of beating and illegally depriving people of their freedom, has been brought to court
January 8, 2024The head of the Finance Committee of the Verkhovna Rada, Danilo Hetmantsyev, discussed the prospects of currency fluctuations in Ukraine.
He mentioned, “I can say that volatility or fluctuations will increase. The exchange rate can depreciate when there are reasons for it. For instance, due to seasonal factors, as we are currently witnessing. When this happens, it doesn’t make sense to maintain it at the level of 36, and the National Bank of Ukraine (NBU) does not keep it at this level.” He further explained that the ultimate goal is to let the exchange rate float freely when all necessary prerequisites are in place, allowing the market to balance itself with considerably less involvement from the NBU.
It’s worth noting that experts attribute the primary cause of currency fluctuations to issues with external financing. Since December, Ukraine hasn’t received agreed-upon volumes of funding from the United States and the European Union. If this funding does not come through, Ukraine could face an economic collapse as it’s practically left without its own resources to sustain the country.