2022-09-27T14:21:00+03:00 Economy 2024-09-15T06:34:22+03:00

Ukrainian news

NBU Sells USD 100 Million And EUR 20 Million In Cash To Banks To Reinforce Cash Registers

NBU Sells USD 100 Million And EUR 20 Million In Cash To Banks To Reinforce Cash Registers

The National Bank has sold USD 100 million and EUR 20 million in cash to banks to reinforce cash registers.

The NBU has said this in a statement, Ukrainian News Agency reports.

According to the statement, the National Bank once again conducted operations with systemically important banks to exchange cash currency for non-cash to reinforce bank cash registers.

The NBU offered USD 100 million and EUR 100 million for the exchange.

Results of the transactions:

- the exchange of dollars: 1 bank out of 14 systemically important banks took part; the entire amount was claimed;

- the exchange of euros: 1 bank out of 14 systemically important banks took part; as a result, it exchanged EUR 20 million.

The NBU notes that such transactions are carried out to solve the problem with a temporary shortage of cash foreign currency at cash registers of individual banks, which arose due to situational logistical difficulties in delivering currency from abroad.

Measures to reinforce banks' cash registers with cash currency have already had an effect.

The problem with the lack of cash currency at cash registers of individual banks is gradually being solved, which, in particular, is evidenced by the decrease in the number of banks participating in such operations.

In general, compared to the beginning of September, cash balances at banks have significantly increased and banks are beginning to more actively satisfy the demand of citizens in cash currency.

As Ukrainian News Agency earlier reported, the National Bank announced that it would back up banks' cash registers with cash currency from September 7.

The National Bank allowed banks to sell more currency to the public.

So, from September 6, the volume of cash currency that the bank can offer to the population includes the entire volume of non-cash currency purchased by it from April 13, 2022, and not half of it.