The Ukrainian parliament endorsed President Zelenskyys nominee Kyrylo Shevchenko as the new Governor of the National Bank of Ukraine (NBU) on July 16, just hours after he emerged as the Ukrainian leaders pick for the post. The appointment comes two weeks after Zelenskyy forced out Shevchenkos predecessor, Yakiv Smolii, in controversial circumstances. It leaves open the question of whether the NBU under its new leadership will continue to enjoy the kind of policy and regulatory independence it has been able to exercise since 2015.
This matters because the financial sector is the one a…
Read the full article at: https://www.atlanticcouncil.org/blogs/ukrainealert/will-ukraines-new-central-bank-chief-be-independent/