Ukrainian refugees see their currency hardly convertible at fair rates or even accepted. The lack of liquidity will also hit Ukraine’s government urgent expenses (medical supplies or weapons). The National Bank of Poland (NBP) offered a comprehensive financial package to address these problems. Firstly, it enabled the refugees to exchange the currency at a nearly …
Continue reading “National Bank of Poland leads on helping Ukraine’s currency”
While western leaders are proud of imposing largest sanctions ever, it seems that Russia can withstand the crisis longer than some expect. The following two points, underrepresented in popular media, support this claim: Historical AnalogyRussia’s went through 2014 financial crisis, where the currency significantly lost its value (from mid 30-s to around 80 for one …
Continue reading “Can Russia defend its economy from sanctions?”
Amid the Russia’s invasion, some banks blocks money transfers to Ukraine. This effectively undermines the help efforts of both the international community and the expats. Here comes the wall of shame: a picture is worth thousand words: Poland does the right thing: polish banks offered free transfers to Ukraine.
