The National Bank of Ukraine (NBU) announced on May 3 that it was implementing the largest set of currency liberalization measures since the beginning of the full-scale war. The measures are aimed at decreasing restrictions on businesses and currency controls. Ukraine implemented strict controls over its currency and tightly regulated foreign exchanges in 2022, hoping to stave off a collapse of the hryvnia. “This move, together with other measures by the NBU, should allow Ukrainian businesses to ‘breathe to their full potential’ and help attract private capital to recover the economy,” said NB…
