Kyiv Has Begun the Hard Steps of Reform; IMF and Allies Must Now Deliver Quickly
The dramatic plunge last month in the value of the hryvnia, Ukraine’s currency, sparked speculation about an immediate, national economic collapse. Despite the drama—the hryvnia lost more than half of its value against the dollar in February, hitting a record low of 33.75 before regaining (to 23 to the dollar)—a close look at Ukraine’s financial numbers shows that the panic was unfounded. …read more
Source: Atlantic Council