National Bank of Ukraine continues focus on CBDC

‘E-hryvnia’ pilot project completed in February

The National Bank of Ukraine
National Bank of Ukraine
Oksana Parafeniuk

The National Bank of Ukraine (NBU) has released a report on issuing its own central bank digital currency (CBDC), 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 potential effects of the e-hryvnia on the Ukrainian economy.

The e-hryvnia was tested by working groups that included the NBU, volunteer companies and the World Bank,

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