Oschadbank commented on the situation with invalid banknotes of 500 hryvnia that got into circulation

21 August 2022, 14:43 | Economy
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Oschadbank confirmed that invalid hryvnias with characteristic damage came into circulation in Ukraine from the occupied territories, but deny that this money belongs to the bank and that their origin is Kherson region. This was reported to the Ministry of Finance by the press service of the bank..

“Many banking institutions worked in the uncontrolled territories. It is almost impossible to trace from which of the uncontrolled regions and from the vault of which particular bank the damaged banknotes originate,” the press service noted..



The bank also confirmed that, indeed, in the event of a threat to seize the vault, Oschadbank employees in the prescribed manner commit mechanical damage to banknotes, which they report to the regulator.

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“The further fate of such banknotes, and even more so their path from the uncontrolled territory, is unknown.. Relevant cases are considered by law enforcement agencies,"

Recall, Oleg Gorokhovsky, co-founder of Monobank, claims that these banknotes, which were withdrawn from circulation, were in the Kherson vault of Oschadbank.




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