National Bank continue to study e-hryvnia as alternative to retail payments

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Open source/National Bank of Ukraine

The National Bank of Ukraine (NBU) will continue to study the possibility of issuing its own digital currency e-hryvnia, as the National Bank informs.

It is noted that the e-hryvnia can be considered as an alternative to the available means of retail payments, however, the pilot project did not provide an opportunity to fully assess its attractiveness to the population of Ukraine.

The National Bank reports that the introduction of e-hryvnia is possible by one out of two alternative models: centralized, when the National Bank acts as a single issuer, or decentralized, when banks and non-banking financial institutions have the right to issue e-hryvnia under the regulator’s control.

As The Journalist reported, IMF positively assesses NBU’s monetary policy.

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