The Hryvnia's Potential for Savings in 2025
In a recent interview, former National Bank of Ukraine (NBU) expert Vitaliy Shapran argued that the hryvnia is a highly attractive currency for savings next year. He noted its strong performance last year and suggested that, were it not for financial monitoring restrictions like transfer limits, it could have been the best option for savings in both bank accounts and government bonds. Shapran advises Ukrainians to keep the hryvnia in mind for their financial planning.
The expert also challenged the view of Ukraine's economy as fragile. He emphasized that the country has built a transit economy, channeling funds from international partners to sustain itself during the war. Shapran further stated that, despite all challenges, Ukraine has proven more resilient than its adversary, citing Russia's limited circle of partners, such as China, as a comparative weakness.
Withdrawal of Old Banknotes from Circulation
Separately, starting March 2, 2026, Ukraine will withdraw low-denomination banknotes—specifically the 1, 2, 5, and 10 hryvnia notes from the 2003-2007 series—from circulation. This move is part of the NBU's policy to modernize the cash supply and improve convenience for the public. Citizens are urged to be attentive and replace their old cash with new banknotes in a timely manner.
The expert's views underscore the hryvnia's importance as a stable savings currency in a time of economic uncertainty.
Vitaliy Shapran
Despite the profound challenges facing Ukraine's wartime economy, the focus on the hryvnia's resilience could be a significant factor for investors and citizens seeking reliable financial instruments. This perspective is noteworthy for international observers tracking the stability of emerging markets. The planned withdrawal of old banknotes also points to modern trends in currency management, which may enhance public financial literacy and contribute to the broader modernization of Ukraine's financial system.