{"id":68828,"date":"2022-07-21T15:24:16","date_gmt":"2022-07-21T11:24:16","guid":{"rendered":"https:\/\/noortrends.ae\/en\/?p=68828"},"modified":"2022-07-21T15:24:18","modified_gmt":"2022-07-21T11:24:18","slug":"ukraine-devalues-its-currency-by-25-against-usd","status":"publish","type":"post","link":"https:\/\/noortrends.ae\/en\/ukraine-devalues-its-currency-by-25-against-usd\/07\/21\/market-updates\/","title":{"rendered":"Ukraine devalues its currency by 25% against USD"},"content":{"rendered":"\n<p>Ukraine&#8217;s central bank has devalued the country&#8217;s hryvnia currency by 25% against the US dollar to help the country deal with the growing economic impact of the war with Russia.<\/p>\n\n\n\n<p>The Central Bank of Ukraine said in a statement that it set the new hryvnia rate at 36.5686 to the dollar, compared to the previous rate of 29.25 set at the start of the war nearly 5 months ago.<\/p>\n\n\n\n<p>The currency devaluation comes a day after Ukraine asked creditors for a two-year pay freeze on its international bonds in a bid to focus its dwindling financial resources on fending off Russia.<\/p>\n\n\n\n<p>At the end of 2020, Ukraine had $130 billion in outstanding debt, according to World Bank data.<\/p>\n\n\n\n<p>Ukraine has allocated nearly $20 billion internationally in dollar and euro-denominated bonds maturing from 2022 to 2030 to be subject to a debt freeze.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Ukraine&#8217;s central bank has devalued the country&#8217;s hryvnia currency by 25% against the US dollar to help the country deal with the growing economic impact of the war with Russia. The Central Bank of Ukraine said in a statement that it set the new hryvnia rate at 36.5686 to the dollar, compared to the previous &hellip;<\/p>\n","protected":false},"author":9,"featured_media":60596,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[37,39,36],"tags":[8432,6875,9084,9402],"class_list":["post-68828","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-forex-markets","category-global-stock-markets","category-market-updates","tag-nato","tag-russia","tag-ukraine-russia-conflict-2","tag-weapons"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/68828","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/users\/9"}],"replies":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/comments?post=68828"}],"version-history":[{"count":1,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/68828\/revisions"}],"predecessor-version":[{"id":68829,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/68828\/revisions\/68829"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/60596"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=68828"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=68828"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=68828"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}