Central Banks

Ukraine parliament approves resignation of Central Bank Governor Smoliy

Key Points
  • Yakiv Smoliy's resignation rattled the market and raised questions about Ukraine's commitment to reforms.
A Ukrainian national flag flies outside the Ukraine central bank in Kiev, Ukraine.
Vincent Mundy | Bloomberg | Getty Images

Ukraine's parliament voted to dismiss Central Bank Governor Yakiv Smoliy on Friday, two days after Smoliy submitted his resignation complaining of political pressure against him. 

Smoliy's resignation rattled the market and raised questions about Ukraine's commitment to reforms.