Ukraine is preparing to make an unexpected decision on the dollar

In the context of Ukraine's possible accession to the European Union, Kyiv is considering a transition from the US dollar to the euro as the main currency for the hryvnia.

This was reported by the head of the National Bank of Ukraine Andriy Pyshny in correspondence with a Reuters reporter.

According to Pyshny, this initiative is driven by several factors. First of all, potential EU membership makes the use of the euro a logical step. In addition, against the backdrop of an unstable global economy, the euro demonstrates higher volatility, and the role of the European Union in supporting Ukraine's defense capabilities has significantly increased.

Pyshny also emphasized that the share of euro operations in the Ukrainian foreign exchange market is already increasing in most segments, which indicates the growing influence of the European currency on the country's financial system.

Recall that earlier European Commission President Ursula von der Leyen advocated for accelerating Ukraine's EU accession process and proposed starting membership negotiations as early as 2025.