Despite the growing share of the euro in Ukraine’s foreign trade and international reserves, the US dollar remains the exchange rate-forming currency for the hryvnya. This was reported by the first Deputy head of the NBU Sergey Mykolaychuk in an interview with Interfax-Ukraine.
“Historically, the focus has always been on the hryvnia-dollar pair. We realize that changes are possible over time with the deepening of European integration, but there is no clear transition plan. Today the dollar remains the exchange rate-forming currency,” he said.
According to the official, the structure of reserves and settlements may change in the future, however, instruments for hedging currency risks, including forwards, are available for business.
