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In Ukraine, the hryvnia is pegged to the euro

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The peg of the hryvnia to the euro, according to the First Deputy Head of the NBU Ekaterina Rozhkova, will happen unnoticed by the market and slowly.

The First Deputy Head of the NBU Ekaterina Rozhkova said in an interview that the euro will replace the dollar as the exchange rate-setting currency for the Ukrainian Hryvnia, but this will happen unnoticed by the market.

“Given our course towards the European community, this is certainly a reality that will take place, because if we want to be part of the European Union, to have access to their markets as exporters, as importers, it is clear that we must have a link to the currency in which the majority of operations and therefore it is an inevitable future, like our membership in the European Union,” said Rozhkova.

He added that the peg of the hryvnia to the euro will happen unnoticed by the market and slowly.

“We can avoid any shocks, so there is no need to worry if this happens, it will definitely be in favor of the Ukrainian economy, because we will definitely be in the European Union,” said the first deputy. head of the NBU.

Remind us that the average dollar selling rate decreased to UAH 42.90, and the euro exchange rate remained at UAH 44.25.

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Source: korrespondent

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