The Swiss voice in the world since 1935

Switzerland to ease exchange of Ukrainian currency in line with EU

Swiss banknotes and cash
Keystone/Georgios Kefalas

Refugees with a special legal status will be able to exchange a limited amount of Ukranian banknotes for Swiss francs.

The Swiss government on Wednesday announced that adults with a protection S status may exchange one amount of up to 10,000 hryvnia – the equivalent of CHF300 ($310.50) at selected branches of the two main Swiss banks, UBS and Credit Suisse.

The regulation is due to come into force next Monday, according to the State Secretariat for International FinanceExternal link.

The plan to permit the exchange of cash was agreed between the finance ministry, the Swiss National BankExternal link and the two main commercial banks.

A similar programme has been proposed by the European Union and has already been implemented in Germany, the Netherlands, Italy, Sweden and Belgium.

Nearly 56,000 people from Ukraine have fled to Switzerland since February and the Swiss banks often refused to convert the cash they brought with them into Swiss francs.

More
External Content

Popular Stories

News

A code of conduct for collecting signatures

More

Swiss democracy

Switzerland to introduce code of conduct for collecting referendum signatures

This content was published on Commercial collectors of signatures for initiatives and referendums could be given a legally non-binding code of conduct. This proposal comes from the Federal Chancellery following the discovery of thousands of falsified signatures.

Read more: Switzerland to introduce code of conduct for collecting referendum signatures
Blatten in Valais to be rebuilt in four years

More

Swiss Politics

Destroyed Swiss village of Blatten to be rebuilt within four years

This content was published on After the devastating landslide, Blatten in Valais should be standing again by 2029. Municipal president Matthias Bellwald confirmed the corresponding plans to the Keystone-SDA news agency on Wednesday, which he had presented at a municipal meeting the previous evening.

Read more: Destroyed Swiss village of Blatten to be rebuilt within four years

In compliance with the JTI standards

More: SWI swissinfo.ch certified by the Journalism Trust Initiative

You can find an overview of ongoing debates with our journalists here . Please join us!

If you want to start a conversation about a topic raised in this article or want to report factual errors, email us at english@swissinfo.ch.

SWI swissinfo.ch - a branch of Swiss Broadcasting Corporation SRG SSR

SWI swissinfo.ch - a branch of Swiss Broadcasting Corporation SRG SSR