The National Bank of Ukraine (NBU) has been conducting research on central bank digital currencies (CBDC) and working on creating its own digital form of hryvnia – the e-hryvnia.
The e-hryvnia is an electronic form of the currency of Ukraine issued by the NBU.
According to the regulator, the key purpose of the e-hryvnia is to effectively perform all functions of money and supplement cash and noncash forms of hryvnia.
The e-hryvnia should be easy to use and accessible to all population groups, legal entities, state authorities, banks, and nonbank payment service providers.
Devising and implementing the e-hryvnia in Ukraine will:
E-hryvnia could have a positive impact on ensuring economic security of the country, strengthen monetary sovereignty of Ukraine and the NBU’s capability to maintain price and financial stability as foundation of stable economic growth.
At present, the NBU is considering and processing the following possible options for using the e-hryvnia that will shape its design and main features:
The following e-mail was provided for communication with the E-Hryvnia Project team and proposals on introducing the e-hryvnia: [email protected]