this post was submitted on 08 May 2025
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Ukraine

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Ukraine considers shift from dollar to euro amid geopolitical realignments (www.reuters.com)
submitted 2 months ago by Skiluros@sh.itjust.works to c/ukraine@sopuli.xyz
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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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[–] bluGill@fedia.io 4 points 2 months ago

If you live in a middle of nowhere country the dollar makes sense. Sure the US has some issues, but there is no reason the EU couldn't have similar or worse issues in the future and so you can debate what the future will really be. However Ukraine isn't middle of nowhere, it is middle of Europe and the Euro is too important to that part of the world to ignore.