The National Bank of Ukraine commented on rumors about the alleged imminent abandonment of the hryvnia and the transition to the euro. The regulator emphasized that such statements have no basis, and the national currency remains the only legal tender in Ukraine.
The NBU emphasized that the transition to the euro is possible only after Ukraine joins the European Union and fulfills all necessary economic criteria. These include price stability, inflation control, balanced public finances, and compliance of monetary policy with EU requirements.
A separate stage is joining the ERM II exchange rate mechanism, in which the national currency must be in place for at least two years. Only after that can the country apply for the introduction of the euro.
The NBU recalled that Ukraine is currently focused on fulfilling the conditions for starting negotiations on EU membership, and the issue of changing the currency is not even being considered. The regulator urged citizens not to trust fakes and manipulations that periodically spread on social networks.
