The Central Bank of Ukraine has devalued the official currency, the hryvnia, by increasing the exchange rate from 29.5 to 36.5686 in order to maintain its constant foreign exchange reserves. The Central Bank of Ukraine since the beginning of the war started by Russia the official currency devalued the hryvnia in order to maintain its foreign exchange reserves, which it kept constant. In a statement, the bank said, it was stated that the Ukrainian currency, the hryvnia, which has been fixed since the beginning of the war, was increased from 29.5 to 36.5686.
The Bank is to help the government maintain imports of critical goods and rein in inflation in February the hryvnia had ceased operations and tightened capital controls. The bank reports that the designated currency will be fixed at this new level.