NBU lowered the dollar rate to 44.55 UAH and the euro to 51.76 UAH: what is known about the launch of the e-hryvnia

On Friday, September 11, 2026, the National Bank of Ukraine set the official US dollar rate at 44.55 hryvnias, which is 9 kopecks lower than the previous day's figure. If on September 10 the US currency was worth 44.64 UAH, its rate has now dropped to 44.55 UAH. At the same time, the regulator adjusted the euro rate as well: the European currency fell by 23 kopecks, from 51.99 UAH to 51.76 UAH. Thus, in a single day, both major currencies used in settlements with Ukraine showed a moderate weakening against the national currency.

Rate dynamics: what lies behind the decline

A reduction in the official rate by several dozen kopecks is a typical practice for the NBU's daily review; however, the direction of movement matters for understanding sentiment in the foreign exchange market. The strengthening of the hryvnia by 9 kopecks against the dollar and 23 kopecks against the euro indicates that on the interbank market on the day the rate was set, demand for foreign currency did not exceed supply. According to data from a number of Ukrainian media outlets, including Glavred and TSN, a synchronous decline in the Polish zloty rate was also observed during the same period, indicating a general trend of the hryvnia strengthening against the region's major currencies. At the same time, analysts emphasize that such fluctuations within 0.1–0.5% are considered normal daily variations and do not signal structural shifts in the regulator's monetary policy.

E-hryvnia: the digital form of the national currency

In parallel with the daily rate adjustments, the National Bank continues to publicly explain the concept of the e-hryvnia — the digital form of the hryvnia, which may become part of the country's payment infrastructure. According to the definition enshrined in Ukraine's Law "On Payment Services," the e-hryvnia represents the National Bank's digital money and the electronic form of Ukraine's monetary unit. In the event of a decision to introduce it, it will be a legal means of payment on the territory of the state.

Legal status and functionality of the digital hryvnia

The NBU emphasizes that the e-hryvnia will exist exclusively in non-cash form and will not replace cash, but complement it, as well as existing non-cash settlements. The regulator insists that the digital hryvnia must perform all functions of money — serve as a unit of account, a means of saving, and a payment instrument — and be convenient and accessible to a wide range of participants: citizens, businesses, government bodies, banks, and non-bank payment service providers. This means that upon implementation of the project, the e-hryvnia will be integrated into the existing payment ecosystem, rather than existing as an isolated instrument.

Context for businesses and citizens

For ordinary citizens and small businesses, the current rate decline of 9–23 kopecks hardly changes purchasing power upon conversion, but it creates a general backdrop of moderate strengthening of the national currency. For importers and companies working with foreign currency revenue, the NBU's daily reviews remain a key reference point when planning purchases and settlements. At the same time, the discussion around the e-hryvnia is gaining practical significance: if the project is implemented, all market participants — from individuals to banks — will face the need to adapt internal processes to the new digital form of the monetary unit, which will require time and infrastructure investments.