13:39 GMT26 February 2021
Listen Live
    Europe
    Get short URL
    0 94
    Subscribe

    Dozens of people remain camped out outside the National Bank headquarters in Kiev protesting the bank’s financial policy and demanding the resignation of its head Valeriya Hontareva.

    The so-called “financial Maidan” has been on for more than two weeks now with the protesters demanding, among other things, measures to alleviate the plight of borrowers who took out loans denominated in foreign currency as the hryvnia's exchange rate is rapidly falling.

    These include a law enabling them to repay loans at the exchange rate valid at the time when they took them out.

    The demonstrators set up tents, brought chairs and installed a table for the distribution of food and drinks.

    No bank representatives have so far met with the protesters who are being protected by members of the Kiev-1 volunteer battalion following last month’s attempt by police to break up the protest.

    The hryvnia lost almost 40 percent against the US dollar in the first two months of 2015 and almost 90 percent over the past fourteen months.

    The national currency went into a tailspin in mid-February amid an escalation of violence in eastern Ukraine and the Central Bank scrapping currency support.

    The financial authorities then managed to somehow rectify the situation with currency interventions.

    On Friday NBU head Valeriya Hontareva once again denied rumors about her imminent resignation.

    Related:

    Financial Maidan: Thousands Hit the Streets in New Kiev Protest
    Hundreds of Protesters in Kiev Demand Central Bank Head's Resignation
    Tags:
    protest rally, National Bank of Ukraine, Valeriya Hontareva, Ukraine
    Community standardsDiscussion