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Reuters
Reuters
Business

EU proposes letting Ukraine refugees convert their money into euros

FILE PHOTO: Ukrainian refugees disembark a train from Odesa at Przemysl Glowny train station, after fleeing the Russian invasion of Ukraine, in Przemysl, Poland, March 27, 2022.REUTERS/Hannah McKay/File Photo

The European Commission proposed on Friday allowing Ukraine refugees to convert their hryvnia currency into euros up to a maximum of around 300 euros ($331.7) person, as part of the bloc's humanitarian assistance to those fleeing the war.

The proposal, which takes the form of a recommendation to EU governments and would need their backing, would allow those who have fled to the European Union the right to convert a maximum of 10,000 hryvnia per person without charges.

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