PrivatBank frees exchange rate for card transactions

6 July, 04:16 PM
PrivatBank (Photo:PrivatBank / Facebook)

PrivatBank (Photo:PrivatBank / Facebook)

State bank PrivatBank is to set a market exchange rate for non-cash transactions starting July 6, the bank said in a statement released on the same day.

“The bank is establishing uniform exchange rates for card payments and the sale and purchase of cash currency in its offices, based on the market situation, the regulatory documents of the regulator, the need to maintain the market's integrity, and the interests of its clients,” the financial institution said.

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As of the time of writing the news, the exchange rates in the PrivatBank application are at the following level.

First of all, this concerns the conversion rates for bank cards: cash withdrawals and transfers in hryvnia in Ukraine from currency cards, as well as all types of transactions abroad in foreign currency using hryvnia cards.

Starting May 21, the National Bank of Ukraine lifted restrictions on the rate at which authorized institutions can sell foreign currency in cash to customers. Previously, the corresponding rate was not to have deviated from the official rate by more than 10%.

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