Damaged hryvnia: the National Bank banned the exchange and compensation of banknotes for the population and businesses

27 August 2022, 13:25 | Economy
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The National Bank imposed a ban on banks accepting Ukrainian hryvnia banknotes from the public and businesses that were specially damaged. Now " There are no refunds for these banknotes.. This is stated in the NBU document No. 50-0006/58627 dated August 24, UBR reports.. ua.

The regulator explained that there are reports of cases of deliberate damage to cash: “Most likely, we are talking about the theft of such cash from the branches of Ukrainian banks located in the temporarily occupied territories, and its importation into Ukraine in order to destabilize the situation in the financial sector... Origin of damaged hryvnia banknotes.

The NBU indicates that in order to reduce the risk of damaged banknotes of the national currency with three drilled holes getting into circulation, banks need to ensure:.

before processing banknotes collected from payment devices, provide a visual inspection of such banknotes and withdraw them as suspicious;

form separately dubious damaged banknotes of the national currency with three drilled holes, from other dubious banknotes found during the transfer;

implementation of additional control at the cash desk of banks (branches, departments), points of financial services, over the solvency and authenticity of banknotes when accepting and processing cash using the appropriate equipment (detectors and banknote sorters);



upon receipt from individuals and legal entities of damaged banknotes of the national currency with three drilled holes for the purpose of their exchange, do not exchange. Seized damaged banknotes of the national currency with three drilled holes should be sent for research to the National Bank.

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Earlier, the National Bank warns of the risk of hryvnia banknotes deliberately damaged by banks during martial law from the territories under temporary occupation getting into cash circulation..




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