Business news from Ukraine

National Bank has weakened reference hryvnia exchange rate below 40 UAH/$1

The reference exchange rate of the hryvnia to the US dollar on the interbank foreign exchange market as of 12:00 a.m. on May 24, 2024.

Reference hryvnia to US dollar exchange rate (UAH/$) 39.8825 40.0752 0.48

Source: NBU

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On Monday, National Bank will hold next exchange of non-cash currency for cash for cash desks of banks

On October 3, the National Bank of Ukraine (NBU) will conduct another exchange of non-cash currency for cash to reinforce banks’ cash desks, the regulator’s press service told Interfax-Ukraine on Friday.

“On Monday, October 3, the NBU will once again carry out operations to exchange cash for non-cash currency. $100 million and EUR100 million will be offered for the exchange of a systemically important bank. The results of the operations will be made public on the day they are carried out,” the report says.

The press service noted that the previous activities of the bank had already had a positive effect, in particular, the number of banks participating in the relevant operations decreased, and the balances of foreign currency in cash in the system increased.

As reported, on September 7, the National Bank exchanged $100 million in cash for non-cash to banks, on September 12 – $100 million and EUR72 million, on September 19 and 27 – $100 million and EUR20 million each.

The regulator clarified that the operations of exchanging non-cash currency for cash will be carried out as long as it is necessary. The results of the relevant transactions will be published on the day of the transaction on Facebook and Telegram.

The NBU noted that such operations will not affect international reserves.

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Malta starts exchange of cash hryvnia for euros for Ukrainian refugees

The Central Bank of Malta and the National Bank of Ukraine (NBU) have launched a program for Ukrainian refugees to exchange hryvnia for euros since August 1, the NBU press service reported.
According to the report, Ukrainians who have a certificate of protection from the International Protection Agency in Malta will be able to exchange up to UAH 10,000 for one person.
Banknotes from UAH 100 to UAH 1,000 are accepted for exchange.
As reported, the hryvnia cash exchange program has already been launched in Poland, Germany, Belgium, Sweden, Italy, the Netherlands and Switzerland.

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ITALY LAUNCHES CASH HRYVNIA EXCHANGE FOR EURO FOR CITIZENS OF UKRAINE

The National Bank of Italy and the National Bank of Ukraine (NBU) have launched a program for exchanging hryvnia for euros for Ukrainian refugees since June 21, the NBU press service reported on Friday.
According to the report, Ukrainians who have been granted a temporary residence permit in Italy or international protection will be able to exchange hryvnias in the amount of up to UAH 10,000 per person.
The exchange will be available at branches of the Italian Central Bank and branches of commercial partner banks (more than 400 branches throughout the country).
As reported, the hryvnia cash exchange program has already been launched in Poland, Germany, Belgium, Sweden and the Netherlands.

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SWEDEN LAUNCHES EXCHANGE OF UKRAINIAN CASH HRYVNIA FOR KRONA

The National Bank of Sweden and the National Bank of Ukraine (NBU) will launch a program for Ukrainian refugees to exchange hryvnia cash for Swedish krona approximately from June 15, the NBU press service reported on Thursday.
According to the report, adult Ukrainians registered in Sweden will be able to exchange hryvnia in 53 branches of the Forex company in the amount of up to UAH 10,000 per person.
Denominations of UAH 100, UAH 200, UAH 500 and UAH 1,000 will be accepted for exchange.
As reported, Germany from May 24, and Belgium from June 1 launched a program for exchanging cash hryvnia for euros.

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AUSTRIAN CHANCELLOR KARL NEHAMMER: PUTIN GAVE POSITIVE SIGNAL TO EXCHANGE OF PRISONERS

Austrian Chancellor Karl Nehammer said that during a telephone conversation, Russian President Vladimir Putin gave a positive signal to the exchange of prisoners, and also wants to allow the movement of goods through the Black Sea.
“Our understanding of an active policy of neutrality is to seize every opportunity for dialogue. Therefore, I called President Putin. He gave a positive signal for the exchange of prisoners. He also wants to allow the movement of goods through the Black Sea,” the chancellor tweeted on Saturday night.

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