National Bank of Ukraine continues to focus on CBDC

The National Bank of Ukraine
Oksana Parafeniuk

The National Bank of Ukraine has released a report on issuing its own central bank digital currency, based on a pilot scheme for the ‘e-hryvnia’ which was completed in February.

The central bank has been considering whether to launch a CBDC since at least 2016, and used the recent pilot project to investigate the effects the e-hryvnia could have on the Ukrainian economy. The e-hryvnia was tested by working groups that included the NBU, volunteer companies and the World Bank, who also provided

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