The Prague Post: Lessons of Ukraine's monetary transition

Print version
July 31, 2012, 3:10 p.m. |

The Prague Post spoke to Olena Shcherbakova, the director of monetary policy at the National Bank of Ukraine, about the reform's internal workings.

In the countries of the former USSR, post-Soviet transition was an era marked by significant social and political turmoil, as newly created states struggled to wean away from their dependence on Russia while transitioning to market economies. One of the successes to come out of this period of economic upheaval is Ukraine's national monetary unit, the hryvnia.

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