Ukrainians have the opportunity to conduct a currency buyback, meaning they can return recently purchased dollars or other foreign currency and receive their funds back. This procedure is provided for by the current rules of the National Bank of Ukraine, but it can only be implemented within a specified timeframe.
This is reported by Finway
Conditions for Currency Buyback
According to the provisions of the NBU, a currency buyback can be carried out within 15 minutes after the completion of the currency exchange operation. To do this, it is necessary to present a document confirming the right to exchange, including:
- a receipt for the transaction;
- a settlement document.
“You can conduct a reverse currency exchange operation within 15 minutes after the exchange. But only if you have a receipt or settlement document. This is stipulated in the NBU Board Resolution No. 2 ‘On Approval of the Regulation on Operations with Currency Values’,” the message states.
Protection Against Counterfeit Dollars: Recommendations from the NBU
The National Bank of Ukraine draws citizens’ attention to the need to be extremely careful during currency exchanges, especially when purchasing cash foreign currency. Counterfeit banknotes are confiscated without compensation, so even if fake bills are handed over to law enforcement, it will not be possible to recover the spent money.
The regulator reminds that to avoid the risk of receiving counterfeit currency, currency exchange operations should be conducted exclusively at banks and financial institutions that have a license from the National Bank. It is not advisable to exchange “on the street”, online, or with unknown individuals.