NBU Delays e-Hryvnia Launch Citing War-Era Cost Concerns
Ukraine's central bank has shelved plans for a 2027 digital hryvnia rollout amid ethical concerns over wartime expenditures. Deputy Governor Oleksiy Shaban revealed pilot costs are 'very high' during remarks at the Kyiv International Economic Forum, casting doubt on the CBDC's timeline.
The National Bank of Ukraine maintains legislative work continues on the e-hryvnia framework, which WOULD establish the digital currency as legal tender. However, Shaban emphasized the project remains contingent on financial and ethical considerations, stating 'when it will be introduced - or whether it will be introduced - is an open question.'
Preparations persist despite the delay, with the NBU shortlisting potential technology partners for future implementation. The proposed pilot phase aims to test the currency both within banking systems and real-world transactional environments.
