Effective 10 October 2022, Ukrainians who relocated to Lithuania as they fled the war will be able to exchange cash hryvnias for euros. The NBU and the Bank of Lithuania signed a relevant agreement on 31 August 2022.
Under the Agreement, Ukrainian citizens who have registered in Lithuania as refugees will be able to exchange cash hryvnias for euros. Exchange transactions can be performed in designated branches of Šiaulių bankas in major Lithuanian cities: Vilnius, Kaunas, Šiauliai, Klaipėda and Telšiai.
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.
These transactions will be based on a fixed exchange rate of the hryvnia against the euro that will be set by the NBU. Data on set exchange rates will be published weekly on the official website of the Bank of Lithuania. The transaction fee is the standard and fixed fee of Šiaulių bankas for a currency exchange transaction, i.e. €2.5.