Germany to end conversion of Ukrainian currency to euros on Oct. 30

Reuters

17 October 2022 at 6:51 am

U.S. dollar, euro and Ukrainian hryvnia banknotes are seen in this picture illustration taken in Kiev

BERLIN (Reuters) - Germany will end a programme aimed at helping Ukrainian refugees exchange their hryvnia currency into euros on Oct. 30, the finance ministry and the central bank said in a joint statement.

The move has been agreed with Ukraine's central bank, they said on Monday. Initially brisk demand has diminished considerably, and only very few transactions have been carried out recently, said the statement.

(Reporting by Kirsti Knolle, Editing by Miranda Murray)

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