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 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.
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