NBP helps Ukrainian refugees in fair exchange of hryvnias Qorus Banking Innovation Awards 2023- Nominated

Submitted by

Narodowy Bank Polski - National Bank of Poland

Premium

20/09/2023 Banking Innovation

March 2022 – refugees from Ukraine meet serious financial problem – they are not able to exchange hryvnias for Polish zlotys because bureaux de change suspend the purchase of hryvnias or buy the currency at a drastically reduced exchange rate. Narodowy Bank Polski – the Polish central bank – offers a solution for the problem faced by thousands of refugees – the innovative hryvnia exchange programme.

Innovation details

Country
PolandCategory
Social, Sustainable & Responsible BankingKeyword
Financial advice & Robo-advisory, ESG & Sustainability, Payments, Expats & Migrants, Mobility

Innovation presentation

NBP offered a solution of the problem: in cooperation with the National Bank of Ukraine (NBU) and PKO Bank Polski, it made it possible for Ukrainians to exchange UAH at a fair and contracted exchange rate. It was possible to exchange UAH at branch offices of PKO BP in Poland from March to September 2022.

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