The National Bank explains whether it is time to say goodbye to the dollar.

The head of the National Bank of Ukraine, Andriy Pyshnyy, stated that despite the depreciation of the dollar on global markets, it remains an important component of the country's foreign exchange reserves, and its risks are controlled.

'Is the dollar in danger? This is about volatility. The American economy is deep, and the capital markets are also strong. To say that the dollar needs to be 'buried' – no. It will continue to play its significant role.'

Pyshnyy explained that the dollar constitutes 83% of Ukraine's foreign exchange reserves, and it has been actively losing value in recent months compared to other world currencies. The National Bank believes that risks exist, but responds to them with appropriate decisions.

Managing volatility

Pyshnyy emphasized that at this moment, there are no significant changes occurring, and the National Bank is closely monitoring volatility, making necessary technical decisions.

It should be noted that there is a trend in Ukraine towards abandoning cash dollars and euros.