The National Bank of Ukraine (NBU) is currently retaining the US dollar as the main exchange rate-forming currency, but is studying the issue of possible changes in connection with the strengthening of economic and financial ties with the European Union, First Deputy Governor of the NBU Serhiy Nikolaychuk said in an interview with the Interfax-Ukraine agency. While the dollar remains the primary benchmark for currency exchange in Ukraine, the NBU is exploring the potential shift to the euro as a way to align more closely with its EU partners.
The decision reflects a broader strategy to integrate Ukraine’s financial system with the European economy, which could have significant implications for trade, investment, and monetary policy. The NBU’s consideration of this transition is part of an ongoing effort to stabilize the hryvnia and attract foreign capital, while also reducing dependence on the US dollar in international transactions.