Economics
Ukrainian Leader Appeals to Investors as Central Bank Boss Quits
- Smoliy cites political pressure; hryvnia plunges at open
- Governor helped tame inflation, negotiate $5 billion IMF aid
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Ukrainian President Volodymyr Zelenskiy sought to reassure markets after the head of the central bank unexpectedly stepped down citing sustained political pressure against him and his colleagues.
The shock departure comes not only as the eastern European country -- like the rest of the world -- battles the Covid-19 pandemic. The government late Wednesday also priced a $1.75 billion sale of Eurobonds and recently agreed on a $5 billion loan program with the International Monetary Fund after months of negotiations.