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Zelensky and Shevchenko
Ukraine's central bank loses independence
It’s day whatever of Ukraine’s COVID-19 disaster and President Volodymyr Zelensky has officially introduced Kyrylo Shevchenko as National Bank of Ukraine governor.
As sacked Prime Minister Oleksiy Honcharuk recently pointed out in a 3-hour interview with the Golden Triangle guy Dmytro, the chronology of the mess at the central bank is important.
Dec 16, 2019 - Someone records 90-minute meeting between government and central bank reps about Ukraine’s monetary and fiscal mess.
Jan 15, 2020 - Snippets of the chit chat unflattering to Honcharuk are released.
Jan 17, 2020 - Honcharuk resigns. (Operation Y)
June 30, 2020 - NBU Governor Yakiv Smolii meets with President Volodymyr Zelensky.
July 1, 2020 - Smolii resigns in writing, claiming “systemic political pressure.” (NBU is Kaput)
July 2, 2020 - Zelensky economic advisor Oleh Ustenko says no one, including Smolii is irreplaceable.
July 2, 2020 - Finance Minister Serhiy Marchenko says Smolii’s resignation ruined deal of the decade
July 3, 2020 - Parliament accepts Smolii’s resignation.
July 3, 2020 - Ukrgasbank Board Chairman Kyrylo Shevchenko posts an interview with himself on his personal web page.
July 4, 2020 - Zelensky babbles about UAH/USD rate somewhere in Odesa region. (Babbling)
July 16, 2020 - Parliament approves Zelensky’s nomination of Shevchenko to replace Smolii.
On July 10, world famous Ukraine expert Anders Aslund tweeted to say that he does not support Serhiy Kruglyk as a candidate to replace Smolii. World famous Ukraine watcher Timothy Ash tweeted back the same thing. Both men referred to a post commissioned by the Kyiv-based Truman Agency supporting Kruglyk’s candidacy to replace Smolii.
Confusing matters further, Truman Agency published a sketchy 2-minute video on YouTube showing young employees of the National Bank talking about how important it is to keep the central bank independent.
(to be continued)