The National Bank of Ukraine has announced updated currency rates for February 17, indicating a rise in the value of both the dollar and the euro. The official exchange rate for the dollar is set at 43.17 UAH, an increase of 7 kopecks, while the euro will be valued at 51.16 UAH, up by 4 kopecks.
Key Points:
- Official Rates: The National Bank has adjusted the dollar to 43.17 UAH (+7 kopecks) and the euro to 51.16 UAH (+4 kopecks).
- Federal Reserve Principle: Any $100 bill, regardless of its year of issue, is still worth $100 in Ukraine.
- Expert Insights: Issues with accepting older dollar bills lack legal justification.
- Verification: The safest way to confirm the authenticity of currency is by visiting a bank branch.
According to economist Oleg Pendzin, the Federal Reserve’s guidance emphasizes that “$100 is always $100.” He stressed that all genuine $100 bills must be accepted, regardless of their issuance date.
Pendzin noted that there seems to be an unusual perception among Ukrainians regarding older dollar bills. He stated, “Even damaged bills, if they retain features of a valid currency, will be accepted worldwide. This is a situation unique to Ukraine, where such concerns arise over perfectly legitimate bills.”
To ensure the authenticity of dollar bills, Pendzin recommends visiting a bank branch. He explained, “Banks are obligated to verify the bills. They may charge a fee for this service, but they will definitely check the currency.”
If a bill is found to be counterfeit, the bank will not return it. Instead, the matter will be reported to the bank’s security and subsequently to law enforcement. Pendzin added, “Authorities will definitely ask where you obtained the counterfeit bill.”
The National Bank of Ukraine has updated its currency rates for February 17, raising the dollar and euro values. Experts emphasize the legal obligation to accept all legitimate dollar bills and advise on verifying currency authenticity at banks.