News
22.06.2022

Conversion of Ukrainian currency into Swiss francs

The federal government, in consultation with the Swiss National Bank and selected banks, has set up a programme to allow asylum-seekers from Ukraine with protection status S to convert their Ukrainian cash into Swiss francs. 

The federal government has worked closely with the Swiss National Bank (SNB), the Swiss Bankers Association (SBA) and selected commercial banks in recent weeks to develop a solution for converting Ukrainian currency into Swiss francs. This work has now been completed. As the Federal Council announced today (see Federal Department of Finance press release), adults with protection status S can carry out a one-time conversion of up to 10,000 Ukrainian hryvnia at selected branches of Credit Suisse and UBS with effect from 27 June 2022. This currently equates to approximately 300 Swiss francs. The exchange rate will be set by the National Bank of Ukraine.

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