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Poland’s central bank aids Ukraine

The National Bank of Poland (NBP) will also allow Ukrainian refugees to convert hryvnia (UAH) to Polish zloty (PLN). NBP has also made a USD 1 billion swap line available to Ukraine’s central bank.

In response to the difficulties with exchanging hryvnia faced by Ukrainian refugees, NBP announced on Monday that starting from March 25, Ukrainians in Poland will be able to exchange banknotes in denominations 100, 200, 500 and 1,000 – up to the total of UAH 10,000 per one adult. The UAH-PLN conversion rate will be determined jointly by NBP and the Ukrainian side.

NBP: każdy dorosły uchodźca z Ukrainy od 25 marca będzie mógł wymienić do 10 tys. hrywien po oficjalnym kursie.

— PAP (@PAPinformacje) March 21, 2022
NBP also informed on Monday that after talks with the Ukrainian side, it has also made a USD 1 billion swap line available to the National Bank of Ukraine on the US dollar-hryvnia currency pair.

Poland's central bank NBP @nbppl has offered an up to USD 1 bln USD/UAH swap line to #Ukraine's counterpart, the Polish bank has said in a statement.

— Polish Press Agency (@PAP_eng) March 21, 2022

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