The dollar rose again: exchange rates as of February 23
23 February 08:45
The National Bank of Ukraine has set the official exchange rate for February 23. The dollar and euro continue to hold their positions, showing minimal fluctuations. This was reported by "Komersant Ukrainian" with reference to the NBU.
Currency fluctuations continue — foreign currencies are either slightly cheaper or rise by a few kopecks.
Official NBU exchange rate for February 23
According to the regulator, the following rates have been set for Monday:
- 1 US dollar — 43.27 UAH
- 1 euro — 50.92 UAH
- 1 Polish zloty — 12.05 UAH
Compared to the previous banking day:
- the dollar rose by 1 kopeck (from 43.26 UAH)
- the euro exchange rate remained virtually unchanged.
The dollar is also stable on the cash market — around 43.05 UAH.
Why the dollar and euro are fluctuating
Experts note that recent currency fluctuations are technical in nature. The hryvnia is influenced by:
- demand for imports
- budget expenditures
- international financial assistance
- currency interventions by the NBU.
Despite periodic increases, there are currently no sharp jumps in the exchange rate.
The NBU is withdrawing some banknotes from circulation: what will change from March 2
In addition to updating exchange rates, the National Bank has announced the gradual withdrawal from circulation of paper banknotes with the following denominations:
- 1 hryvnia
- 2 hryvnia
- 5 hryvnia
- 10 hryvnia
These are banknotes from 2003–2007.
From March 2, these banknotes will:
- will no longer be accepted as a means of payment
- will not be accepted in stores and banks
- will be permanently withdrawn from circulation.
Where to exchange old banknotes
Old banknotes will be exchanged free of charge:
- at all banks in Ukraine — until February 26, 2027
- at authorized banks (Oschadbank, PrivatBank, Raiffeisen Bank, PUMB) — until February 28, 2029
- at the National Bank of Ukraine — indefinitely
The exchange will be for coins and valid banknotes without any restrictions on the amount.
Why is the NBU replacing banknotes with coins?
The National Bank explained that small-denomination paper banknotes have a short circulation period — about 2.5 years.
In addition:
- citizens are using them less and less in payments
- most banknotes are already worn out
- the transition to coins is more economically advantageous for the state.
The regulator notes that replacing banknotes with coins no longer causes inconvenience to citizens.
