The Verkhovna Rada proposes to replace the kopeck with the shakh: what will change

The Verkhovna Rada has registered a draft law regarding the renaming of the kopeck to the shakh. The initiative aims to eliminate the influence of the Soviet legacy from Ukraine's monetary system and restore national traditions.

According to the explanations for the draft law, changing the name to 'shakh' will help complete the monetary reform that began in 1996 and revive national traditions in the state's financial nomenclature.

Another draft law provides for amendments to the Tax Code for the corresponding adaptation to the new name of the coin. The National Bank of Ukraine is also preparing for significant changes in money transfers starting in 2025, to increase transparency and efficiency in financial operations.

Conclusion

A draft law on renaming the kopeck to the shakh has been registered in the Verkhovna Rada. The initiative is aimed at de-Sovietizing the monetary system and restoring national traditions in the financial sphere. Important changes in money transfers are also planned starting in 2025 to enhance financial operation transparency in Ukraine.