The National Bank of Ukraine will support banks due to the incident with collectors in Hungary
In view of the incident involving the capture of Ukrainian collectors in Hungary, the National Bank of Ukraine has decided to support bank cash desks by exchanging non-cash currency for cash.
After Ukrainian collectors were temporarily detained in Hungary and funds were seized, the National Bank of Ukraine announced the exchange of non-cash currency for cash to support bank cash desks on March 9. This step is a preventive measure aimed at ensuring currency liquidity at a proper level to meet the needs of citizens.
The National Bank assured that the cash situation in the market remains stable, and banks have sufficient reserves that meet the planned indicators for 2025. However, illegal actions like the capture of collector vehicles of the state-owned Oshchadbank in Hungary may cause certain logistical difficulties in delivering cash currency from abroad. Taking this into account, a decision was made to exchange currency to reinforce bank cash desks.
The frequency and volumes of such operations will be determined by the needs of the banking system in currency liquidity. The NBU emphasized that these operations will not affect the volume of the country’s international reserves.
The incident with the collectors was reported on March 6; the Ukrainian authorities have already released seven detained citizens. The work on returning the seized cargo – $40 million, 35 million euros, and 9 kg of gold – is ongoing.
| Date | Action |
|---|---|
| March 6 | Incident involving the detention of Ukrainian collectors in Hungary |
| March 9 | NBU’s decision to exchange non-cash currency for cash |
