2023.10.05 17:19 GMT+8

Expert: Ukraine ends fixed rate over low foreign currency reserves

Updated 2023.10.05 17:19 GMT+8
CGTN

Ukraine's central bank has brought in a more flexible exchange rate from Tuesday, putting an end to the official peg it has had throughout its conflict with Russia. Qu Qiang, a research fellow at Beijing Foreign Studies University, says the move may indicate that Ukraine probably lacks enough foreign currency reserves.

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