The European Commission has proposed to set an exchange limit of up to 10,000 hryvnias per refugee.
The European Commission has presented a procedure for exchanging cash hryvnia for refugees from Ukraine for euros or other currencies of the EU states where they are located. This was reported on the EC website on Friday, April 1st.
“One of the urgent needs of refugees is the exchange of their hryvnia banknotes for the currencies of the countries in which they are located. Banknotes for those fleeing to Ukraine”, says the message.
The European Commission has proposed to set a limit of up to 10,000 hryvnias (somewhat more than 300 euros – ed.) For each refugee. The exchange must be made without commission at the rate set by the National Bank of Ukraine. For the exchange, you will need to provide proof that the person enjoys temporary protection in the EU.
Each European Union state will negotiate with the banks participating in the scheme on how to keep records of those who use it. EU countries will also discuss with the National Bank of Ukraine how it will extract hryvnia banknotes from their banks
This procedure should work for three months. The draft recommendation will be considered by the finance ministers of the EU countries at their meeting on April 5. If approved, the scheme will still need to be approved by the EU Council.
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Source: korrespondent
