Creditrelated losses that have been disclosed by financial institutions around the world to date amount to something approaching $ billion, of which about half is in institutions domiciled outside the United States. More losses reside in entities outside the core financial system.
The NBU's decision to fix the hryvnia exchange rate at UAH/USD 29.25 from the first hours of the war helped ensure the stable functioning of the financial system. Today, the fixed exchange rate remains the stabilizer of the economy. That said, the war has lasted for almost five months, during which the Ukrainian and global economies have changed significantly.