One fiscal year has elapsed since the commencement of the Russia-Ukraine war. It was marred with various adversities triggered by the dollar crunch. The economic indicators, which were in the process of recovery after the Covid-19 pandemic, suffered another blow.
The inflationary pressure reached a one-decade high in the previous year.
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The central bank injected billions of dollars into the market to hold up the local currency, but it did not work out and address the underlying issues.