A new coin appeared in the turnover in Ukraine. Its value is ten Ukrainian hryvnyas.
According to the National Bank of Ukraine, the coin is supposed to replace the banknotes of the same value.
The coin's diameter makes 23.5 mm, the weight 6.4 grams. The head side will feature the image of Cossack warlord Ivan Mazepa. The tail side is to display the value of the coin, with the number adorned by the ornament.
In February, the Bank also presented a new banknote by the value of 200 hryvnyas.
The expectations of the International Monetary Fund from the Ukrainian government needed to get the new $5 billion credit program were revealed. It should be approved on June 5 as Ekonomichna Pravda reported.
It is noted that the majority of the conditions should be implemented in 2020 and the IMF will monitor them. However, some of the points might be changed.
Thus, in June 2020, the plans for work with impaired assets of the state banks of the National Bank of Ukraine and Council on Financial Stability should be approved and the statute of Naftogaz should be amended until September in correspondence with the principals of the Organisation for Economic Co-operation and Development.
Besides, the law on the Supreme Council of justice should be amended until September concerning the procedure of competitions for the selection of the members of the council and the law on banks and banking activity should be amended in the demands for capital structure and capital itself. Besides, the contracts for municipal services should be concluded and the procedure of the switching to another gas supplier should be simplified until September.
Watch our video digest of Ukraine's top events that took place in May 2020: