Facebook Pinterest Tumblr
  • News
  • World
  • Politics
  • Sports
  • Entertainment
  • Technology
  • Healthcare
  • More
    • Lifestyle
    • Opinion
    • Automobiles
    • Markets
    • Economy
Search
Buna Times
Buna Times
  • News
  • World
  • Politics
  • Sports
  • Entertainment
  • Technology
  • Healthcare
  • More
    • Lifestyle
    • Opinion
    • Automobiles
    • Markets
    • Economy
HomeWorldThe NBU explained how...
November 19, 2023

The NBU explained how the banking system will work in the event of blackouts.

By David
Facebook
Twitter
Pinterest
WhatsApp


    The National Bank and the government are implementing a plan to support the operation of banks and ensure payments and money circulation even in the event of a prolonged power outage or loss of communications as a result of Russian attacks.

    .in_text_content_22 { width: 300px; height: 600px; } @media(min-width: 600px) { .in_text_content_22 { width: 580px; height: 400px; } }

    .

    The head of the National Bank of Ukraine, Andriy Pyshny, said this in an interview with The Banker, the text of which was published on the NBU website.

    According to Pyshny, the corresponding plan is called POWER BANKING and is a cascade system of solutions and protocols that allows the NBU to seamlessly interact with the banking system even in the event of a large-scale attack.

    He noted that POWER BANKING consists of several levels:

    • the first level is the NBU and the central bank’s protocol system, which allows it to operate and perform its functions under any conditions. In case of complete or partial loss of communication, lack of transport, stable communication with personnel, a system of notifications, personnel transportation, and messaging will start working;
    • the second level is cooperation and interaction between the NBU and the banking system to ensure its functioning in conditions of a total power outage or lack of communication.

    It is noted that after the activation of POWER BANKING, by decision of the NBU, at least 35% of the network of branches of systemically important banks in Ukraine should be able to work under conditions of prolonged blackout or lack of communication.

    Currently, the POWER BANKING network includes more than 2,360 bank branches, which is more than 50% of their number. They are equipped with autonomous sources of electricity and communications and are marked accordingly.

    There is a map and information, as well as interaction with local authorities,” Pyshny noted.

    In addition, the banking sector operates in terms of “points of invincibility”.

    After activating the POWER BANKING protocol, it does not matter which bank you are a client of,” Pyshny noted, “you become a client of the entire network of POWER BANKING branches. This is a nationwide network.

    Source: Racurs

    David
    David

    I am David Wyatt, a professional writer and journalist for Buna Times. I specialize in the world section of news coverage, where I bring to light stories and issues that affect us globally. As a graduate of Journalism, I have always had the passion to spread knowledge through writing.

    Related

    - A word from our sponsors -

    Most Popular

    Minus helicopter. Attack at night at Russian Airbase

    The general staff spoke about the fights in 11 directions

    Poland refused to buy American helicopters Black Hawk

    Lutsk shoulder – Spaces went to bending, and the posts are already 27 already 27

    • Tags
    • banking sector
    • Russian aggression

    LEAVE A REPLY Cancel reply

    Please enter your comment!
    Please enter your name here
    You have entered an incorrect email address!
    Please enter your email address here

    Previous article
    Yemeni rebels seized a ship in the Red Sea that may have Ukrainians on board
    Next article
    Yemen’s Houthis hijack a ship in the Red Sea

    More from Author

    World

    Minus helicopter. Attack at night at Russian Airbase

    David -
    World

    The general staff spoke about the fights in 11 directions

    David -
    World

    Poland refused to buy American helicopters Black Hawk

    David -
    World

    Lutsk shoulder – Spaces went to bending, and the posts are already 27 already 27

    The mass shelling of Lutsk on the...
    David -

    - A word from our sponsors -

    Read Now

    Minus helicopter. Attack at night at Russian Airbase

    The general staff spoke about the fights in 11 directions

    Poland refused to buy American helicopters Black Hawk

    Lutsk shoulder – Spaces went to bending, and the posts are already 27 already 27

    The mass shelling of Lutsk on the night of May 6 led to the death of a man-republics, which were unlocked by the body of a nine-story building who died from fragments. .in_text_content_22 {width: 300px; Height: 600px; } @Media (min-width: 600px) {.in_text_content_22 {width: 580px;...

    Attacking Lutsk: It was found about the first victim

    Ukraine reserves retreat from the record level

    Japanese Company’s silent module Espace is crashing over the moon

    Metinvest called the amount of help in Ukraine since the beginning of a great war

    Kremlin reacts to strikes in Ukraine

    The authorities of Kyiv showed how the reconstruction of the metro after the Russian attack (photo)

    In Kyiv, about 70 specialists in various services KP "KYIV METRO" restore and repair traces and metro network, damaged by the combined air attack of racists on the night of June 6 at night on June 6. .in_text_content_22 {width: 300px; Height: 600px; } @Media...

    Former State’s Emergency Ministry Leader is “Na -Clear” the reserve for 7 million

    Trump and Mask Rich Will die in Bella home – SMI

    In the confrontation of US President Donald Trump and his former ally, billionaire Ilon Mask, who recently received fierce revolutions, there are signs of a truce. .in_text_content_22 {width: 300px; Height: 600px; } @Media (min-width: 600px) {.in_text_content_22 {width: 580px; Height: 400px; }} .Adsbygoogle {Touch-Action: Manipulation;...
    Buna Time
    • DMCA
    • Privacy Policy
    • Terms of Use
    • Contact Us
    • Advertising and Outreach

    All Rights Reserved © 2023 - Buna Times