National Bank of Ukraine in 2014: changes, actions, adjustments

2014-11-03 11:36:40

According to the Constitution of Ukraine, National Bank of Ukraine (NBU) is a central bank of Ukraine, as its main goal is ensuring stability of national currency. It’s role, hardly ever underestimated, became bigger and more visible in 2014. Ukrainian national currency lost 63% of its value against Euro and U.S. dollar since the beginning of the year. Ever since devaluation began in March of 2014, NBU was taking measures, aimed at ensuring stability of national currency. We decided to dive deeper into the topic and show you actions, taken by NBU, their intended implications, actual implications and to try forecasting future measures.