The Federal Ministry of Finance, the Federal Bank of Germany, German banks and the National Bank of Ukraine will launch a program for Ukrainian refugees to exchange cash hryvnia for euros on May 24, the press service of the German Ministry of Finance said.
According to the report, the Federal Ministry of Finance and the Federal Bank of Germany have signed an agreement with the National Bank of Ukraine on the initial volume of exchange of 1.5 billion UAH.
It is stated that refugees can exchange 100, 200, 500 and 1000 banknotes (up to 10 thousand hryvnias) for euros in German banks and savings banks participating in the program.
The conversion into euros takes place at the exchange rate published on the Bundesbank website (www.bundesbank.de/wechselkurse-ua), the report said.
The press service noted that the exchange will be registered in an online application submitted by the European Central Bank to ensure that the individual maximum amount of the exchange is not exceeded, for which the identity of each adult refugee wishing to participate in the exchange is recorded and verified.
It is specified that the exchange is initially possible within three months, and the losses resulting from the exchange are borne by the federal budget.