Cooperation between Latvijas Banka (the central bank of Latvia) and the National Bank of Ukraine, as well as involvement of AS Industra Bank and AS Rietumu Banka has resulted in meeting the needs of Ukrainian refugees staying on the territory of the Republic of Latvia in terms of the exchange of Ukrainian hryvnia (UAH) to euro (EUR). This opportunity will be made available in the near future.
No fees or commission will be charged for the currency exchange.
The following rules will be applied to the exchange of UAH denominated cash to EUR:
All hryvnias exchanged by AS Industra Bank and AS Rietumu Banka will be resold to Latvijas Banka, which in turn will exchange them to euro at the National Bank of Ukraine. The exchange rate fixed by the National Bank of Ukraine will be used in these operations and thus none of the parties involved will profit from these operations.