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National Bank Of Ukraine
National Bank of Ukraine ( uk, Національний банк України) or NBU ( uk, НБУ) is the central bank of Ukraine – a government body responsible for unified state policy in the field of country's monetary circulation, including strengthening of the national currency unit, hryvnia. The National Bank of Ukraine employs over 12,000 people, making it one of the leading banks. It regulates and supervises activities, functions and legal status of government and commercial banks based on principles of the Constitution of Ukraine and the law of Ukraine. History Banking in Ukraine traces its history back to 1918 when on 22 December 1917, the Central Council of Ukraine adopted a law "On transformation of the Kyiv office of the Russian State Bank into the Ukrainian State Bank". The law united all offices of the former State bank, Noble Land Bank, and Peasant Land Bank. At the same time there existed a decree of the Central Executive Committee of Ukraine about the natio ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Banking In Ukraine
The history of banking in Ukraine since Ukrainian independence in 1991 has seen since the late 2000s several periods of bank mergers and acquisitions of different natures.Merge and Acquire (9 October 2015) Early 2016 117 banks were operating in Ukraine, their assets amounted to ₴1.254 trillion.Assets of operating bank ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
National Bank Of Ukraine (building)
The National Bank of Ukraine building ( uk, Будівля Національного банку, Budivlia Natsionalnoho banku) serves as the headquarters for Ukraine's national bank, located in the country's capital Kyiv. The building is located in the city's Pechersk district, which houses several other prominent Ukrainian government offices. It was originally built in 1905 for the Kiev (today Kyiv) branch of the State Bank of the Russian Empire on a draft of Imperial Russian architects Alexandr Kobelev.Building of the National Bank of Ukraine . [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
World War I
World War I (28 July 1914 11 November 1918), often abbreviated as WWI, was one of the deadliest global conflicts in history. Belligerents included much of Europe, the Russian Empire, the United States, and the Ottoman Empire, with fighting occurring throughout Europe, the Middle East, Africa, the Pacific, and parts of Asia. An estimated 9 million soldiers were killed in combat, plus another 23 million wounded, while 5 million civilians died as a result of military action, hunger, and disease. Millions more died in genocides within the Ottoman Empire and in the 1918 influenza pandemic, which was exacerbated by the movement of combatants during the war. Prior to 1914, the European great powers were divided between the Triple Entente (comprising France, Russia, and Britain) and the Triple Alliance (containing Germany, Austria-Hungary, and Italy). Tensions in the Balkans came to a head on 28 June 1914, following the assassination of Archduke Franz Ferdin ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Money
Money is any item or verifiable record that is generally accepted as payment for goods and services and repayment of debts, such as taxes, in a particular country or socio-economic context. The primary functions which distinguish money are as a medium of exchange, a unit of account, a store of value and sometimes, a standard of deferred payment. Money was historically an emergent market phenomenon that possess intrinsic value as a commodity; nearly all contemporary money systems are based on unbacked fiat money without use value. Its value is consequently derived by social convention, having been declared by a government or regulatory entity to be legal tender; that is, it must be accepted as a form of payment within the boundaries of the country, for "all debts, public and private", in the case of the United States dollar. Contexts which erode public confidence, such as the circulation of counterfeit money or domestic hyperinflation, can cause good money to lose its value. ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Ukrainian Hryvnia
The or ( ; uk, гривня , : ''hrn''; sign: ₴; code: UAH) has been the national currency of Ukraine since 2 September 1996. The hryvnia is divided into 100 . It is named after a measure of weight used in medieval Kievan Rus'. Name Etymology The currency of Kievan Rus' in the eleventh century was called ''grivna''. The word is thought to derive from the Slavic ''griva''; c.f. Ukrainian, Russian, Bulgarian, and Serbo-Croatian / ''griva'', meaning "mane". It might have indicated something valuable worn around the neck, usually made of silver or gold; c.f. Bulgarian and Serbian ''grivna'' (, "bracelet"). Later, the word was used to describe silver or gold ingots of a certain weight; c.f. Ukrainian ''hryvenyk'' (). Plural The nominative plural of hryvnia is ''hryvni'' ( uk, гривні), while the genitive plural is ''hryven’'' ( uk, гривень). In Ukrainian, the nominative plural form is used for numbers ending with 2, 3, or 4, as in ''dvi hryvni'' (дві гри ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Law Of Ukraine
The legal system of Ukraine is based on the framework of civil law, and belongs to the Romano-Germanic legal tradition. The main source of legal information is codified law. Customary law and case law are not as common, though case law is often used in support of the written law, as in many other legal systems. Historically, the Ukrainian legal system is primarily influenced by the French civil code, Roman Law, and traditional Ukrainian customary law. The new civil law books (enacted in 2004) were heavily influenced by the German Bürgerliches Gesetzbuch. The primary law making body is the Ukrainian Parliament (''Verkhovna Rada''), also referred to as the legislature ( uk, законодавча влада, translit=zakonodavcha vlada). The power to make laws can be delegated to lower governments or specific organs of the State, but only for a prescribed purpose. In recent years, it has become common for the legislature to create "framework laws" and delegate the creation of d ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
2022 Russian Invasion Of Ukraine
On 24 February 2022, in a major escalation of the Russo-Ukrainian War, which began in 2014. The invasion has resulted in tens of thousands of deaths on both sides. It has caused Europe's largest refugee crisis since World War II. An estimated 8 million Ukrainians were displaced within their country by late May and 7.8 million fled the country by 8 November 2022, while Russia, within five weeks of the invasion, experienced its greatest emigration since the 1917 October Revolution. Following the 2014 Ukrainian Revolution, Russia annexed Crimea, and Russian-backed paramilitaries seized part of the Donbas region of south-eastern Ukraine, which consists of Luhansk and Donetsk oblasts, sparking a regional war. In March 2021, Russia began a large military build-up along its border with Ukraine, eventually amassing up to 190,000 troops and their equipment. Despite the build-up, denials of plans to invade or attack Ukraine were issued by various Russian gove ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Ukrainian SSR
The Ukrainian Soviet Socialist Republic ( uk, Украї́нська Радя́нська Соціалісти́чна Респу́бліка, ; russian: Украи́нская Сове́тская Социалисти́ческая Респу́блика, group=note), abbreviated as the Ukrainian SSR, UkrSSR, or UkSSR, and also known as Soviet Ukraine, was one of the constituent republics of the Soviet Union from 1922 until 1991. In the anthem of the Ukrainian SSR, it was referred to simply as ''Ukraine''. Under the Soviet one-party model, the Ukrainian SSR was governed by the Communist Party of the Soviet Union through its republican branch: the Communist Party of Ukraine. The first iterations of the Ukrainian SSR were established during the Russian Revolution, particularly after the Bolshevik Revolution. The outbreak of the Ukrainian–Soviet War in the former Russian Empire saw the Bolsheviks defeat the independent Ukrainian People's Republic, after which they fou ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Verkhovna Rada
The Verkhovna Rada of Ukraine ( uk, Верхо́вна Ра́да Украї́ни, translit=, Verkhovna Rada Ukrainy, translation=Supreme Council of Ukraine, Ukrainian abbreviation ''ВРУ''), often simply Verkhovna Rada or just Rada, is the Wikt:Unicameralism, unicameral parliament of Ukraine. The Verkhovna Rada is composed of 450 Deputy (legislator), deputies, who are presided over by a Chairman of the Verkhovna Rada, chairman (speaker). The Verkhovna Rada meets in the Verkhovna Rada building in Ukraine's capital Kyiv. The deputies elected in the 21 July 2019 Ukrainian parliamentary election were inaugurated on 29 August 2019. The Verkhovna Rada developed out of the systems of the republican representative body known in the Soviet Union as Supreme Soviet (Supreme Council) that was first established 26 June 1938 as a type of legislature of the Ukrainian Soviet Socialist Republic, Ukrainian SSR after the dissolution of the All-Ukrainian Congress of Soviets, Congress of Soviet ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Hyperinflation
In economics, hyperinflation is a very high and typically accelerating inflation. It quickly erodes the real value of the local currency, as the prices of all goods increase. This causes people to minimize their holdings in that currency as they usually switch to more stable foreign currencies. When measured in stable foreign currencies, prices typically remain stable. Unlike low inflation, where the process of rising prices is protracted and not generally noticeable except by studying past market prices, hyperinflation sees a rapid and continuing increase in nominal prices, the nominal cost of goods, and in the supply of currency. Typically, however, the general price level rises even more rapidly than the money supply as people try ridding themselves of the devaluing currency as quickly as possible. As this happens, the real stock of money (i.e., the amount of circulating money divided by the price level) decreases considerably.Bernholz, Peter 2003, chapter 5.3 Almost all ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Perestroika
''Perestroika'' (; russian: links=no, перестройка, p=pʲɪrʲɪˈstrojkə, a=ru-perestroika.ogg) was a political movement for reform within the Communist Party of the Soviet Union (CPSU) during the late 1980s widely associated with CPSU general secretary Mikhail Gorbachev and his glasnost (meaning "openness") policy reform. The literal meaning of perestroika is "reconstruction", referring to the restructuring of the Soviet political and economic system, in an attempt to end the Era of Stagnation. Perestroika allowed more independent actions from various ministries and introduced many market-like reforms. The alleged goal of perestroika, however, was not to end the command economy but rather to make socialism work more efficiently to better meet the needs of Soviet citizens by adopting elements of liberal economics. The process of implementing perestroika added to existing shortages, and created political, social, and economic tensions within the Soviet Union. Fu ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
