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Ukraine considers shift from dollar to euro amid geopolitical realignments (www.reuters.com)
submitted 2 weeks ago by Skiluros to c/[email protected]
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cross-posted from: https://sh.itjust.works/post/37536459

Exclusive: Ukraine considers shift from dollar to euro amid geopolitical realignments

Ukraine is starting to consider a shift away from the U.S. dollar, possibly linking its currency more closely to the euro amid the splintering of global trade and its growing ties to Europe, Central Bank Governor Andriy Pyshnyi told Reuters.

Potential accession to the European Union, a "strengthening of the EU's role in ensuring our defense capabilities, greater volatility in global markets, and the probability of global-trade fragmentation," are forcing the central bank to review whether the euro should be the reference currency for Ukraine's hryvnia instead of the dollar, Pyshnyi said in emailed remarks.

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[–] [email protected] 2 points 1 week ago (1 children)

It's become a lot more popular since covid, it was unpopular during the greek crisis and there was some concern when the dollar was stronger (and Germany lost Russian gas) but since Trump people are looking hard at the value of European stability and the euro is pleasantly boring right now.

[–] Skiluros 2 points 1 week ago

With the return of Trump, I could see the dynamic shifting a lot.