The hryvnia will be pegged to the euro in Ukraine, – NBU (video)

15 January 21:55

Ukraine will replace the dollar with the euro. The gradual transition to this currency was announced by Kateryna Rozhkova, First Deputy Governor of the National Bank of Ukraine, on the We Are Ukraine TV channel, Komersant ukrainskyi reports.

The representative of the financial institution clarified that the euro will replace the dollar as the exchange rate currency in Ukraine. However, there will be no abrupt transition – the National Bank promises that everything will happen slowly and imperceptibly. The reason is the war in Ukraine, which is making its own adjustments. After all, this is not the best time to change monetary policy.

Nevertheless, the change of the exchange rate currency in Ukraine will take place, although this process will be extended in time.

“If we want to become a part of the EU, to have access to their markets as exporters and importers, we must be pegged to the currency in which most transactions are conducted,” Rozhkova explained during the conversation with the host.

The first deputy head of the National Bank also said that pegging the hryvnia to the EU currency would benefit the domestic economy.

Мандровська Олександра
Editor