National Bank of Ukraine

The National Bank of Ukraine
Oksana Parafeniuk
Brief History

The National Bank of Ukraine (NBU) was established as an independent entity in May 1999. Prior to Ukraine’s independence in 1991, the NBU was known as a branch of the Soviet Gosbank. In 2015, the NBU’s institutional and operational independence was reinforced. Under the Ukrainian Constitution, the central bank’s primary mandate is to ensure that Ukraine’s currency – the hryvnia (UAH) – is stable. The NBU operates under the Law On the National Bank of Ukraine, dated 1999, as a

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