NBU plans to make euro the exchange rate-forming currency: what will change.

According to inkorr.com: The National Bank of Ukraine is actively exploring the possibility of switching to the euro as the main exchange rate-forming currency. While the dollar remains dominant, strengthening economic ties with the European Union is making the euro increasingly important in Ukraine's financial system.

The focus on the dollar is still present, but we are closely monitoring the situation. Sooner or later, most indicators will be converted to euros

According to the first deputy head of the NBU, Serhiy Nikolaychuk, historically, the Ukrainian hryvnia has been oriented towards the dollar, however, the rapid growth of European imports and international aid in euros is changing the situation in the economy.

Gradual transition to a multi-currency approach

Nikolaychuk reported that the NBU has already begun a gradual transition to a multi-currency approach in its reporting, although a decision on changing the main exchange rate-forming currency has not yet been made. At this moment, the dollar remains the main currency.

The price of gold will hit a new milestone: what will happen to the dollar and savings.

Discussing the impact of global trends on Ukrainian exports, Nikolaychuk emphasized that the dollar's weakening this year has certain positives for exporters, but overall may have a minor impact on the country's trade balance.

The National Bank of Ukraine is considering the possibility of implementing the euro as an exchange rate-forming currency against the backdrop of growing economic ties with the European Union, which may increase the significance of the euro in Ukrainian finances. The NBU is gradually implementing a multi-currency approach in its reporting, however, at the moment, the dollar remains the main exchange rate-forming currency.

These changes could significantly affect the country's financial policy, as the transition to the euro as the main currency will reflect a new stage of Ukraine's integration into European economic structures. A multi-currency approach could enhance the stability of the financial system by reducing dependence on a single exchange rate.