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Foreign exchange market operations in Ukraine have been suspended

The Central Bank of Ukraine ceased operations in the foreign exchange market. A limit was also imposed on the withdrawal of local currency...

Foreign exchange market operations in Ukraine have been suspended
Yazar: James Gordon

Yayınlanma: 25 Şubat 2022 04:22

Güncellenme: 23 Aralık 2024 06:03

After Russia's operation against Ukraine, Ukraine decided to control the capital.

The National Bank of Ukraine suspended operations in the foreign exchange market. Withdrawal of foreign currency is prohibited in the country. The bank decided to fix the exchange rate at the February 24 rate.

The bank also limited currency withdrawals from deposits to 100,000 hryvnia per day.

After Russian President Vladimir Putin ordered a military operation in Ukraine, Russian forces began attacking targets across Ukraine. The Western world, on the other hand, stressed that "heavier sanctions" would be imposed.

While Russia carried out a series of attacks on Thursday morning, the Ministry of Internal Affairs of Ukraine said that Kiev was also targeted and recommended that citizens descend into the shelters. On the other hand, Ukrainian border forces, on the other hand, reported that they were exposed to artillery fire from five regions, namely Crimea from the south and Belarus from the north.

In his address to the nation broadcast on television, Putin stated that Russia has no plans to invade Ukraine. Putin said the United States and its allies had "crossed the red line" by expanding NATO. US President Joe Biden, on the other hand, said that Putin's actions were illegitimate and without reason and that the world would hold Russia responsible.

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