NBU considers transition to euro: what this means for Ukrainians.

NBU is considering the possibility of transitioning to euro as the main currency

According to inkorr.com: The National Bank of Ukraine is actively exploring the option of transitioning to the euro as the main currency for setting exchange rates. This was stated by the First Deputy Chairman of the NBU, Serhiy Nikolaychuk. He noted that the main reference point remains the US dollar at this time.

'We are actively studying the issue, but I cannot say that we have a clear plan that by tomorrow or by the end of the year we intend to change the currency for setting exchange rates. The currency for setting exchange rates should be one - for now, it's the dollar,' Nikolaychuk said.

In Nikolaychuk's opinion, necessary changes will be required over time, particularly because of the euro-integration processes. The NBU is already taking certain steps in this direction: specifically, it publishes indicators in euro alongside the dollar and increases the volume of euro assets in international reserves.

'Since the funds accumulated by the government in euro accounts are also included in the international reserves,' Nikolaychuk emphasized.

The National Bank of Ukraine is exploring the possibility of transitioning to euro as the main currency for setting exchange rates. Although at present, the US dollar remains the main currency, changes might occur in the future due to euro-integration processes.

The transition to euro as the main currency could significantly affect the economic situation in Ukraine and its integration into European economic structures. Given the growing ties with the European Union, changes in exchange rate formation reflect the country's aspiration for European integration and the stability of the currency market.