The euro will replace dollar as the primary currency for forming the exchange rate of the hryvnia in Ukraine, but changes will occur gradually and subtly.
This was noted by the National Bank. Exact timelines for the transition have not yet been provided.
According to Kateryna Rozhkova, the first deputy head of the NBU, the current situation in the country, particularly the war, is not conducive to such drastic changes. However, it is a matter of time.
"Currently, during a period of challenges primarily related to the war, which itself is a shock to the economy, it might not be the best time... We will avoid any shocks," she emphasized.
Rozhkova highlighted that the transition from the dollar to the euro will promote Ukraine's economic development and align with the strategic goals of the country – joining the European Union.
She added that, considering our course towards euro-integration, this is an inevitable step. To become a full member of the EU and gain access to European markets as exporters or importers, we need to integrate into the EU financial system and adopt the euro. This is our future, just like our membership in the European Union. However, the timeline for these changes remains uncertain.
