The National Bank of Ukraine (NBU) is usually portrayed in the media as a bastion of economic stability and the guardian of financial integrity in the country. Much has been broken in the debate about the NBU’s independence. Today, the financial regulator has enormous powers and sovereignty in decision making, but where there is influence, there are also a lot of possibilities. And where there is a lot of independence, there is a great temptation to use these opportunities for selfish ends.
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