Home Finance Polish central bank's programme to allow Ukrainians to convert cash to start...

Polish central bank’s programme to allow Ukrainians to convert cash to start on Friday

WARSAW (Reuters) – Poland’s central bank signed an agreement with the National Bank of Ukraine that will allow every adult Ukrainian refugee to convert up to 10,000 hryvnias ($341.88) to Polish zloty starting from March 25, it said on Monday.

FILE PHOTO: Ukrainian hryvnia banknotes are seen in a photo illustration shot in Kiev, Ukraine© Reuters/Konstantin Chernichkin FILE PHOTO: Ukrainian hryvnia banknotes are seen in a photo illustration shot in Kiev, Ukraine

“The exchange will be possible at a rounded, official … exchange rate,” the bank said in a statement.

Last week the bank said it was cooperating with the country’s largest lender, PKO BP, to allow refugees who have fled Ukraine for Poland to convert hryvnia.

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Many refugees are struggling to buy even basic necessities because their savings in hryvnia are non-convertible across most of Europe, meaning they have no way to exchange them at reasonable rates.

($1 = 29.2500 hryvnias)

(Reporting by Anna Koper; Editing by Chris Reese)

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