NBU will revise the rules for calculating the official exchange rate of the hryvnia.
The National Bank of Ukraine will introduce a new approach to determining the official exchange rate of the hryvnia starting March 31, 2025, to improve efficiency and simplify currency transactions. The changes involve a transition to a single daily list of currencies from which the official exchange rate of the hryvnia will be calculated for the first group currencies of the Classifier and for the currencies of countries that have 95% of trade turnover with Ukraine. This list will be reviewed every three years with the possibility of extraordinary adjustments.
In particular, currencies that were previously calculated monthly, such as the Algerian dinar, baht, UAE dirham, and others, will now be calculated daily. Currencies such as the Russian ruble, Belarusian ruble, and others have been excluded from the list for the formation of the official exchange rate.
These changes are aimed at increasing the transparency and efficiency of currency operations and bringing the banking system closer to international standards.
The innovations will come into effect on March 31, 2025.
Also, the deposits of Ukrainians are depreciating: The National Bank of Ukraine made a worrying statement regarding the citizens' deposits.
Read also
- Fuel Shortage Spreads to 78 Russian Regions as Gasoline Prices Jump 7%
- Fuel Shortage in Russia Sparks Alarm in Ukraine Over Potential Crop Losses for Farmers
- Gas Shortages and Mass Bankruptcies Hit Russia: Could Trump Change the Equation?
- Up to 50% of Russian Refineries Halted After Ukrainian Strikes: Economy in Turmoil
- Wheat Prices Surge After Ukrainian Drones Halt Shipping in the Sea of Azov
- Over Half a Million Russians Declared Bankrupt as Economy Cracks Under Pressure

