Thursday, February 24, 2022

Ukraine Banks Are Facing A Run At Their Branches

The Ukraine central bank limited cash withdrawals to prevent a run on banks. Anadolu Agency  

NYPost: Ukrainians flood ATMs to withdraw cash as Russian invasion escalates  

Panicked Ukrainian citizens are scrambling to take out cash Thursday as the Russian military launches a full-fledged invasion of the Eastern European nation. 

Images taken in Ukraine’s capital, Kyiv, and other major cities showed long lines forming at ATMs after Russian President Vladimir Putin ordered the invasion. 

Meanwhile, the National Bank of Ukraine enacted a temporary cash withdrawal limit of 100,000 Ukrainian hryvnia per day — the equivalent of about $3,339. 

Read more .... 

WNU Editor: This is the worst time to try and scramble to a bank to get your life savings out.

1 comment:

Anonymous said...

I am suprised how the population appears to have been totally caught unprepared. Going to fill up your car while the bombs are falling! Grabbing money from ATM's now> WTF have they been doing?

This is not a suprise........how could they be so unready?