Savings banks, Volksbanks, Deutsche Bank, Commerzbank and Hypovereinsbank offer the money exchange service for refugees from Ukarine for three months.
Refugees from Ukraine can exchange their national currency for euros at banks and savings banks in Germany from this Tuesday (May 24).
The Federal Ministry of Finance and the Deutsche Bundesbank have signed an agreement with the Ukrainian National Bank for an initial exchange volume of 1.5 billion hryvnia.
Euro value depends on exchange rate
Every adult refugee from Ukraine can therefore exchange up to 10,000 hryvnia at the bank where his account is held in Germany. The equivalent in euros – currently a good 300 euros – is then credited to this account, as a spokeswoman for the German banking industry (DK) explains. The exchange rate published on the website of the Bundesbank is decisive.
The exchange can also be made in several partial amounts and should be free of charge. Banknotes of 100, 200, 500 and 1000 hryvnia of the currently valid banknote series of the National Bank of Ukraine are accepted. According to DK information, savings banks, Volksbanks, Deutsche Bank, Commerzbank and Hypovereinsbank will initially be offering the service for three months.
Hryvnia exchange as a “pragmatic way”
“We see it as our social responsibility to support the participation of refugees from Ukraine to the best of our ability,” says the general manager of the Association of German Banks (BdB), Christian Ossig. “After the possibility of opening an account, we are taking another pragmatic approach with the hryvnia exchange.” The BdB is currently the leader of the umbrella association of the German banking industry, which brings together the five major banking associations in Germany.
Source: Stern
Jane Stock is a technology author, who has written for 24 Hours World. She writes about the latest in technology news and trends, and is always on the lookout for new and innovative ways to improve his audience’s experience.
