The NBU raised the official exchange rate of the dollar above 37 UAH for the first time ever
Category
Economics
Publication date

The NBU raised the official exchange rate of the dollar above 37 UAH for the first time ever

NBU
NBU

For the first time in history, the National Bank of Ukraine (NBU) raised the exchange rate of the dollar above UAH 37. However, unlike the official one, the exchange rate was much higher last fall - up to 43 hryvnias.

For the first time in history, the NBU raised the official exchange rate of the dollar above 37 hryvnias

The official exchange rate for December 14, 2023, is set at the following level: 37.0245 UAH for 1 dollar (+0.0384 UAH).

The euro exchange rate will be 39.9217 hryvnias for 1 euro (+0.0159 hryvnias).

Today's interbank exchange rate increased by 4 kopecks to UAH 37.03-37.05/dollar (buying and selling).

The cash market's exchange rate fell by 5 kopecks to 37.70 hryvnias per dollar.

Official currency course

We will remind you that on October 3, the NBU introduced a managed exchange rate flexibility regime. Before that, since the beginning of the war, the NBU kept a fixed exchange rate of the hryvnia to the dollar, initially 29.25 UAH/dollar, and from July 21, 2022 — 36.57 UAH/dollar.

Currently, the official exchange rate is set based on the results of interbank trading, where the NBU dominates and controls the exchange rate.

Financial analysts predict the dollar exchange rate will be around 40 hryvnias over the next 12 months.

Category
World
Publication date

Finland proposes Europe create its own negotiating team on Ukraine

Finland
Source:  France 24

Europe should create its own negotiating team for Ukraine. It should also appoint a special representative for Ukraine.

Points of attention

  • Finland's President suggests that Europe should have its own negotiating team for discussions on Ukraine.
  • Appointment of a special representative for Ukraine to coordinate Europe's efforts is crucial, according to Finland's proposal.
  • The need for a European envoy and proper coordination highlighted by the President of Finland in ensuring effective leadership in negotiations with Ukraine.

Stubb made a proposal to Europe regarding Ukraine

This was stated by the President of Finland, Alexander Stubb, in an interview with France 24.

We (Europeans) need two things. One is a negotiating team, like the Americans, Ukrainians and Russians have. Like they had in Riyadh, Saudi Arabia.

Alexander Stubb

Alexander Stubb

President of Finland

The President of Finland also stressed the importance of appointing a special envoy for Ukraine to coordinate Europe's efforts.

We're probably going to need a special envoy eventually to be in charge and coordinate everything, because what's happening right now is, even though we have really good leadership from France and the UK, there's still the question of, "Okay, who's the European envoy? Who do I call?"

As a reminder, on March 27, a summit of Ukraine's allied countries that joined the "coalition of the willing" was held in Paris. This is an association of countries that are ready to provide troops for a peacekeeping contingent or other assistance to ensure peace in Ukraine in the event of a ceasefire.

The summit brought together representatives from more than 20 countries, including the EU, Britain, Canada, Norway, and Turkey. Ukrainian President Volodymyr Zelensky also participated.

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