The National Bank of Ukraine has decided to conduct a transaction on March 9, 2026, to exchange non-cash currency of banks for cash currency to reinforce the cash desks of banking institutions.
This is stated in the message of the NBU, the Ukrainian News agency reports.
This preventive decision will support the cash foreign currency liquidity of banks at the appropriate level to meet the needs of Ukrainians.
The situation with cash foreign currency in the foreign exchange market is currently stable, and banks have a sufficient supply of cash currency - the volume of its average daily balances in bank cash desks corresponds to the last year's figure.
At the same time, the illegal seizure of Oschadbank's collection vehicles in Hungary may cause situational logistical difficulties with the delivery of cash from abroad.
Taking this into account, the NBU will, if necessary, carry out operations to exchange banks' non-cash currency for cash to support the cash desks of banking institutions.
The frequency and volume of relevant operations will depend on the banking system's needs for cash foreign exchange liquidity.
The National Bank is closely monitoring the situation and will smooth out excessive exchange rate fluctuations.
Operations to replenish banks' cash desks with foreign currency will be carried out using Refinitiv trading and information systems, which are also used by banks to conduct transactions in the interbank foreign exchange market. The maximum volume of the transaction, which will take place on March 9, will be USD 100 million in US dollars. The minimum amount of an application from one bank is USD 1 million. In euros - EUR 80 million, the minimum amount of an application from one bank is EUR 1 million.
The NBU will satisfy the banks' requests in full if the amount of the exchange announced by the NBU is sufficient to satisfy these requests. If the banks' requests exceed the announced amount of the transaction, the exchange will be carried out on a pro rata basis in accordance with the amounts specified in the banks' applications
As the Ukrainian News agency earlier reported, seven employees of the Ukrainian state-owned Oschadbank who were traveling with money on a collection flight were detained by Hungary on the night of March 6, have been returned to Ukraine.
It has become known that Hungarian security forces have hidden two stolen Oschadbank collection vehicles in the closed territory of the Anti-Terrorist Center. The amount of valuables in the stolen cars was USD 40 million, EUR 35 million, and 9 kg of gold.
Earlier, the Hungarian government released footage of the capture of Ukrainian cash collectors and photos of the money along with the gold bars they seized.
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