Effective 1 August 2022, Ukrainians who relocated to Malta as they fled the war will be able to exchange cash hryvnias for euros. The NBU and the Central Bank of Malta signed a relevant agreement on 22 July.
Under the Agreement the Ukrainians who have valid protection certificates granted by the International Protection Agency in Malta will be able to exchange cash hryvnias for euros in the Central Bank of Malta. Unaccompanied displaced minors can make such exchange transactions with the assistance of persons who were appointed as legal guardians or representatives by an authorized body in the Republic of Malta.
The agreement enables the exchange of cash hryvnias for euros within a limit of UAH 10,000 in cash per person. The agreement stipulates that only 100-hryvnia, 200-hryvnia, 500-hryvnia, and 1,000-hryvnia bills will be exchanged (lower denomination banknotes and coins will not be accepted). Significantly worn-out and defective banknotes will not be exchanged. It should be noted that the persons who have exchanged the permitted amount of hryvnias on the territory of other country that is subject to hryvnia exchange agreement will not be authorized to make use of this service under the Agreement.
These transactions will be based on a fixed exchange rate of the hryvnia against the euro that will be set by the NBU. Exchange rate information will be published weekly on the official website of the Central Bank of Malta. The Central Bank of Malta charges no fees or commissions for the respective transactions.