Ukraine: Wanted – patient central bank governor

What’s holding up a key appointment for the Ukrainian economy and banking system?

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Acting NBU governor Yakiv Smolii with former governor Valeria Gontareva

In mid-April Ukraine’s respected post-Maidan central bank governor, Valeria Gontareva, tendered her resignation. More than seven months later the vacant post has yet to be filled.

Why is it taking so long? It is a question that National Bank of Ukraine (NBU) staff are starting to raise publicly. In early November deputy governor Dmytro Sologub said the delay was harmful and risked damaging relationships with markets and international financial organizations.

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