canon imageclass mf227dw This article overviews the background for financial dollarization in Ukraine.We apply quantitative techniques including both minimum variance portfolio and peer comparison taking into consideration country-specific characteristics to derive an estimated natural dollarization level for Ukraine.The study also discusses click here potential ways for Ukraine to converge to its natural level, which we estimate at 20%.Additional factors indicate dollarization in the range of 20-30% as a realistic medium-term policy goal.