The National Bank of Ukraine (NBU) has assured that there will be no currency shortage in the country despite recent incidents involving the seizure of cash by the Oschadbank in Hungary. The NBU continues to conduct cash exchanges for banks as part of its regular operations.
On March 9 and 10, 2026, the NBU executed transactions to exchange non-cash currency for cash to bolster the cash reserves of banks. This decision was made proactively to prevent any potential shortages following the illegal detention of cash transport vehicles belonging to Oschadbank in Hungary.
Recent days have seen moderate demand from banks for cash exchanges, indicating that banks maintain sufficient cash reserves. The NBU stated, “The National Bank is prepared to continue supporting banks in ensuring their cash reserves of foreign currency to meet the needs of Ukrainians. The frequency and volume of these operations will depend on the requirements of the banking system.”
Additionally, the NBU clarified that these operations will not affect Ukraine’s international reserves.
In related events, on March 5, two Oschadbank vehicles, accompanied by seven cash transporters, were unlawfully detained in Hungary. The vehicles were transporting $40 million, €35 million, and nine kilograms of gold as part of a routine transfer between Raiffeisen Bank in Austria and Oschadbank.
On the same day, Ukraine successfully secured the release of the seven cash transporters, but the assets remain under the control of the Hungarian government led by Viktor Orbán. The Ukrainian Ministry of Foreign Affairs has stated that it will take appropriate measures, including the initiation of sanctions, in response to the detention of its citizens in Hungary.
The National Bank of Ukraine has taken steps to maintain currency stability following the unlawful detention of Oschadbank cash transporters in Hungary. The bank continues to support local banks with cash exchanges, ensuring sufficient reserves amidst ongoing diplomatic tensions.