WARSAW – Ukrainians in Poland will have the ability to convert hryvnia financial institution notes into Polish zlotys from the center of subsequent week as a part of a programme involving the central financial institution, the Nationwide Financial institution of Poland mentioned on Thursday, in a lift for refugees who've confronted difficulties exchanging cash.
Many alternate workplaces and banks have to this point been reluctant to simply accept hryvnia given the oversupply of the foreign money ensuing from the massive numbers of refugees getting into Poland and issues about its lower in worth.
The Nationwide Financial institution of Poland (NBP) mentioned it was cooperating with the nation’s largest lender, PKO BP, to permit the just about 2 million refugees who've fled Ukraine for Poland to transform hryvnia.
“Because of the important inflow of conflict refugees from the territory of Ukraine, coming to the Republic of Poland with hryvnia (UAH) within the type of money, the Nationwide Financial institution of Poland is finishing up intensive preparations enabling the conversion of hryvnia to zlotys,” NBP mentioned in a press release.
It mentioned financial institution notes in denominations of 100, 200, 500 and 1,000 hryvnia will probably be exchanged as much as a complete quantity of 10,000 hryvnia per individual in PKO BP branches.
Many refugees are struggling to purchase even primary requirements as a result of their financial savings in hryvnia are non-convertible throughout most of Europe, which means they don't have any approach to alternate them at cheap charges. That in flip leaves them prey to unscrupulous merchants providing ultra-low charges of alternate.
The European Central Financial institution is engaged on a monetary facility to let thousands and thousands of Ukrainian refugees convert their financial savings into exhausting foreign money, Reuters reported on Friday.
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