Copyright © 2024 Euromaidanpress.com

The work of Euromaidan Press is supported by the International Renaissance Foundation

When referencing our materials, please include an active hyperlink to the Euromaidan Press material and a maximum 500-character extract of the story. To reprint anything longer, written permission must be acquired from [email protected].

Privacy and Cookie Policies.

Ukraine’s Governor of the National Bank resigns due to health issues

Ukraine’s Governor of the National Bank resigns due to health issues

Ukraine’s Governor of the National Bank Kyrylo Shevchenko resigns “due to the health-related issues that can’t be ignored any longer.”

Kyrylo Shevchenko was appointed in 2020. During the war, Ukraine’s hryvnia lost 35% of its value, inflation amounted to 25% as of September.

“The war was yet another difficult test for our team and for me personally. I think we have passed it with dignity,” he wrote on Facebook. “Since the start of the full-scale war, the NBU:

  • ensured uninterrupted operation of the financial system;
  • prevented panic in FX market;
  • put a stopper in the large-scale capital outflow to protect the reserves;
  • kept inflation at the adequate level during the war;
  • supported state budget, understanding the difficulty of raising money elsewhere during the war.

Our efforts at the international level also should not go unnoticed. We have spurred on international financial aid for Ukraine, but also initiated a number of decisions at the international level to weaken the economy of the aggressor state.

You could close this page. Or you could join our community and help us produce more materials like this.  We keep our reporting open and accessible to everyone because we believe in the power of free information. This is why our small, cost-effective team depends on the support of readers like you to bring deliver timely news, quality analysis, and on-the-ground reports about Russia's war against Ukraine and Ukraine's struggle to build a democratic society. A little bit goes a long way: for as little as the cost of one cup of coffee a month, you can help build bridges between Ukraine and the rest of the world, plus become a co-creator and vote for topics we should cover next. Become a patron or see other ways to support. Become a Patron!

To suggest a correction or clarification, write to us here

You can also highlight the text and press Ctrl + Enter

Please leave your suggestions or corrections here


    Euromaidan Press

    We are an independent media outlet that relies solely on advertising revenue to sustain itself. We do not endorse or promote any products or services for financial gain. Therefore, we kindly ask for your support by disabling your ad blocker. Your assistance helps us continue providing quality content. Thank you!

    Related Posts