The National Bank of Ukraine (NBU) is exploring the possibility of launching its own retail digital currency (CBDC), the e-hryvnia, with a pilot project currently in preparation, NBU Deputy Chairman Oleksiy Shaban said.
According to Shaban, the e-hryvnia is intended to complement, not replace, cash and bank account balances and would serve as an additional option for users to choose from, rather than a substitute for traditional money.
Ukraine's foreign exchange regulations are changing "rapidly and dramatically" and are providing "quite many surprises" to foreign companies operating in the country, representatives from Schneider Group warned at a webinar this week. The warning came during a one-hour presentation on foreign exchange controls
Ukraine aims to align its banking and insurance sectors with European Union regulations by 2028 as part of its bid to join the bloc, despite the challenges posed by Russia's ongoing invasion, National Bank of Ukraine Governor Andriy Pyshnyi told Reuters in an interview. Ukraine's banking
Ukraine's finance ministry and Switzerland's State Secretariat for Economic Affairs (SECO) have signed a memorandum of understanding to launch the Fiscal Governance for Local Reconstruction and Recovery (FG4R) project. The four-year initiative aims to strengthen public financial management at national and local levels to support
Ukraine is considering a rail corridor through Moldova to the Romanian port of Constanța as an alternative to Black Sea shipping, as Russian strikes on Ukrainian ports increasingly disrupt grain exports, Reuters reported, citing unnamed sources. Kyiv has asked Moldovan authorities for a 50% discount on the standard freight rate,
