Banknotes: April to June 2022

Bank of Russia
The Bank of Russia
Photo: Kuba/Wikimedia Commons
Invasion in Ukraine IMF approves emergency loan to Ukraine

The International Monetary Fund approved $1.4 billion in emergency credit for Ukraine on March 9. IMF managing director Kristalina Georgieva said the loan would “help fill the financing gap and mitigate the economic impacts of the war”. She praised Ukraine’s central bank for its work under wartime conditions.

Bank of Russia partially reverses rate hikes and some emergency measures

The Bank of Russia reduced its benchmark rate by 3%

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