Shrinking 5%, economy does better than expected in 2020

A man exits a currency exchange place in central Kyiv on Dec. 10, 2020. The value of Ukraine’s national currency, the hryvnia, has fallen by 16% compared to U.S. dollar since the beginning of the year. Today $1 costs about Hr 28.3. However, the devaluation could have been much worse if the National Bank of Ukraine had not cleaned up the sector in 2015-2016, liquidating two-thirds of the country’s dubious banks.